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Executive Summary

ICONIC LACEY COMMERCIAL PROPERTY - Three separate buildings. Lacey Shoe Repair in the main building with an amazing 2BR residential remodeled unit above. Another Large Separate Building in front with current tenants (with 2 car garage), and a stand alone Small House behind with cute yard. Monthly income of $7,500 (and another space currently unrented, which could get another ~$2,000/month). Many development possibilities at this high traffic exposure corner!

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,900 SF
Building Class
B
Year Built
1930
Price
$1,399,000
Price Per SF
$177.09
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.41
Lot Size
0.44 AC
Opportunity Zone
Yes
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100

Nearby Major Retailers

Planet Fitness
Starbucks
Fred Meyer
Heritage Bank
WaFd Bank
HomeStreet Bank
Chase Bank
Rent-a-center
First Citizens Bank
Wells Fargo Home Mortgage

Property Taxes

Property Taxes

Parcel Number
11820121800
Land Assessment
$386,300
Improvements Assessment
$408,300
Total Assessment
$794,600
  • Listing ID: 39792972

  • Date on Market: 3/16/2026

  • Last Updated:

  • Address: 4221 Pacific Ave SE, Lacey, WA 98503

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