Land For Sale • 0.46 AC
APARTMENTS: TECHNICAL SPECIFICATIONS & SITE UTILITY SITE OVERVIEW: Rectangular, level .45-acre site in the heart of Lakewood’s high-density core. The property is currently improved with two income-generating residences ($3,700/mo) but has been fully engineered for a 25-unit multifamily community. STORM WATER & GEOTECHNICAL: Verified by 2021 Geotechnical Investigation (GeoConsult). The site consists of native Continental Glacial Outwash. • Infiltration Rate: 20.0 inches per hour (Design Rate). • Engineering Advantage: High permeability allows for low-impact, low-cost drywell systems, eliminating the need for expensive detention vaults. MECHANICAL & ENERGY PERFORMANCE: The project includes a complete design. • Efficiency: Designed to exceed 2021 Washington State Energy Code requirements. • HVAC: Includes dedicated ERV (Energy Recovery Ventilation) systems for superior indoor air quality and tenant comfort—a major "Class A" differentiator in the Lakewood submarket. ELECTRICAL DESIGN: Complete electrical engineering set is included. • Load Calcs: Full demand load calculations for 25 units. • Infrastructure: Riser diagrams and transformer coordination are ready for utility submittal. LOCATION & AMENITIES (98499 CORE): • Commuter Access: 0.25 miles to I-5; 1.0 mile to McChord Field Visitor Center (JBLM Gate). • Lifestyle: 0.5 miles to Lakewood Towne Center (Target, Safeway, AMC). • Recreation: 0.1 miles to Springbrook Park (Basketball, Playground, Community Garden). DELIVERABLES INCLUDED IN SALE: 1. Professional 45-Page Appraisal Report (2021) 2. Full Architectural & Engineering (MEP) Construction Sets (PDF) 3. Landscape & Arborist Plans (City Approved Concept) 4. Topographic & Boundary Survey 5. Civil Engineering / Site Grading Plans
| $35k/Door Development Land Priced at a competitive $35,000 per unit based on a high-density 25-unit multifamily concept. |
| 20 in/hr Drainage Native glacial gravel allows for low-cost drywells vs. expensive vaults. |
| 2-Yr MFTE Eligible Confirmed eligibility for a 12-year tax exemption in a target area. |
| $3.7k Carry Income Current tenant-occupied buildings offset costs during permitting. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Lakewood Station (Seattle - Tacoma/Lakewood - Sound Transit) | 3 min | 19 min | 1.0 mi |
| South Tacoma Station (Seattle - Tacoma/Lakewood - Sound Transit) | 9 min | - | 5.1 mi |
| Airport | Drive | Walk | Distance |
| Seattle-Tacoma International | 44 min | - | 29.4 mi |