8220 S Tacoma Way, Lakewood, WA 98499
- $710,000
Listing Broker: Kelly Right RE of Seattle LLC; Darlene Nguyen-Chapman; 206-288-9119; ndarlene3@gmail.com
- List Price
- $710,000
- Status
- ACTIVE
- MLS#
- 2596401
- Annual Tax Ammount
- 6115
Property Description
Attractive commercial investment featuring a long-term operating and well-established automotive service business. Benefit from an existing tenancy and plenty of income potential. Reasonable price for the new building owner! A long-term tenant has occupied this commercial building and operated an auto shop for many years. Tenant pays for all utilities. This building has it all, with a sewer connection in great condition. Located in Tacoma's established industrial corridor, buildings 8222 and 8220 can be sold together and offer convenient access to Interstate 5, SR 99, and major transportation routes connecting Seattle, Tacoma, the Sea-Tac Airport, the Port of Tacoma, and the railroad. It is also close to South Tacoma Way Mall. The property is surrounded by a mix of industrial, warehouse, and commercial users, making it an ideal location for a variety of business operations. Big ideas need the right address, and this 2,584 SF commercial space in Pierce gives you room to plan with confidence. Zoned C2 with about 98 feet of frontage, it sets the stage for a retail or personal-services space where customers can find you easily, and your vision can take shape. The lot spans about 25,488 square feet, offering flexibility for a wide range of uses. It's located in the South Tacoma-Seattle Trade area.
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Additional Information
- Community
- Lakewood
- Building Condition
- Good
- Style
- 75 - Retail
- Year Built
- 1929
- Roof
- Flat, Torch Down
- Tax Year
- 2026
- Potential Terms
- Cash, Conventional
- Flooring
- Concrete, Laminate
- Driving Directions
- GPS
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $42,181
- Gross Adjusted Income
- $5,100
- Gross Scheduled Income
- $51,000
- Cap Rate
- 6
- Total Expenses
- $8,819
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