$1,097,000
Royal Commercial Retail Building - 12134
Listing Type: For Sale
Property Type: Retail
Status: Available
CBA ID#: 674289
12134 Pacific Hwy SW
Lakewood, WA 98499

View Map
Commercial Property

Marketing Description:

Presenting a fully occupied investment prospect, this property offers a unique opportunity to expand your portfolio with a 3 unit retail strip! Anchored by two well-established restaurants and a smoke shop., The property is situated on the bustling Pacific Highway, ensuring high visibility and traffic. The site benefits from parking visibility and potential for higher rents enhances its value-add potential. All units are under triple net leases (NNN) ensuring tenants are responsible or expenses. Located in an area experiencing growth, this property represents a dynamic investment for some one looking to add to their portfolio. Sale includes two tax parcels. 5 year leases with 3% annual bumps! *DISCRETION ADVISED Do not disturb tenants

Land Features:

  • Lot Size: 11971 SqFt
  • Lot Acreage: 0.27 Acres
  • Zoning: C1

Building Features:

  • Building Size: 2916 SqFt
  • Number of Floors: 1
  • Cap Rate: 0.00%
  • Construction: Framed, Wood
  • Year Built: 1941
This Listing Supplied Courtesy of COMPASS
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
Equal Housing Opportunity