Exceptional opportunity on South Tacoma Way with convenient access to I-5, Highway 512, JBLM, and surrounding commercial corridors. Situated on a generous 16,553 sq ft level lot, this versatile property offers a wide range of potential uses for owner-users, investors, entrepreneurs, service businesses, office, retail, or future redevelopment possibilities. Existing improvements include a newer addition, creating added flexibility for a variety of business or mixed-use concepts.Property features strong exposure, convenient access, and ample parking in a high-traffic Lakewood location surrounded by established businesses and continued area growth. Commercial/residential zoning may provide additional opportunities and flexibility for future use or expansion. Rare chance to secure a well-located property with accessibility and long-term upside in a sought-after South Tacoma Way corridor.
89 days
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116
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Zillow last checked:
Listing updated:
Listed by:
Lisa Taylor,
Skyline Properties, Inc.,
Edward Gonzales,
Skyline Properties, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2530236
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3
Main level bathrooms: 3
Main level bedrooms: 3
Primary bedroom
Level: Main
Bedroom
Level: Main
Bedroom
Level: Main
Bathroom full
Level: Main
Bathroom full
Level: Main
Bathroom full
Level: Main
Entry hall
Level: Main
Kitchen with eating space
Level: Main
Living room
Level: Main
Utility room
Level: Main
Heating
Forced Air, Electric
Cooling
None
Features
Bath Off Primary
Flooring: Hardwood, Laminate
Basement: Finished
Has fireplace: No
Fireplace features: Electric
Interior area
Total structure area: 2,861
Total interior livable area: 2,861 sqft
Property
Parking
Parking features: None, RV Parking
Features
Levels: One
Stories: 1
Entry location: Main
Patio & porch: Bath Off Primary
Lot
Size: 0.38 Acres
Features: Dead End Street, Paved, Value In Land, Cable TV, Fenced-Fully, Gated Entry, Patio, RV Parking, Shop
Details
Parcel number: 0219015019
Zoning: 1197-COMM LND WITH SFR
Special conditions: Standard
Construction
Type & style
Home type: SingleFamily
Architectural style: 1 Story w/Bsmnt.
Property subtype: Single Family Residence
Materials
Wood Siding, Wood Products
Foundation: Poured Concrete
Roof: Composition
Condition
Year built: 1975
Major remodel year: 1975
Utilities & green energy
Sewer: Sewer Connected
Water: Public
Utilities for property: Xfinity, Xfinity
Community & HOA
Community
Subdivision: Lakewood
Location
Region: Lakewood
Financial & listing details
Price per square foot: $244/sqft
Tax assessed value: $476,600
Annual tax amount: $4,546
Date on market: 5/26/2026
Cumulative days on market: 90 days
Listing terms: Conventional,Rehab Loan
Estimated market value
Zestimate®
$683,900
Estimated sales range
$650,000 - $718,000
Rent Zestimate®
$3,305/mo
Price history
Date
Event
Price
6/9/2026
Price change
$699,000-6.8%$244/sqft
Source: NWMLS as distributed by MLS GRID #2530236Report a problem
5/27/2026
Listed for sale
$750,000$262/sqft
Source: NWMLS as distributed by MLS GRID #2530236Report a problem