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8510 S Tacoma Way
Lakewood, WA 98499 Northeast Lakewood

$4,100,000 USD

General Retail For Sale  •  8,625 SF

Property Details

  • Property Type General Retail
  • Total Building Size 12,989 SF
  • Lot Size 1.14 AC
  • Building Class C
  • Year Built 1990
  • Tenancy Multiple
  • Zoning C2
30 Transit Score
70 Walk Score

Highlights

Value-Added Center - 5.7% Cap Rate on inplace income at 77% occupancy and 7.27% Cap Rate on proforma income at 97% occupied
Owner-User Opportunity – approximately 3,000 SF available for Owner-User opportunity
Koreatown Tacoma location – Strategically located adjacent to H-Mart, the largest Korean supermarket chain in the U.S.
Out of State Ownership – First time on the market in over 20 years.
Stable Cash Flow with Upside – Combines reliable in place income with near term growth potential.
Strong Local Base – Population exceeding 283,000 within 5 miles radius and average household income of over $110,000.

Property Flyers

Amenities

  • Bus Line
  • Pylon Sign
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
South Tacoma Station (Seattle - Tacoma/Lakewood - Sound Transit) 3 min - 1.8 mi
Lakewood Station (Seattle - Tacoma/Lakewood - Sound Transit) 4 min - 2.3 mi
AirportDriveWalkDistance
Seattle-Tacoma International 40 min - 26.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 65
Type: Surface
Included in Rent: Yes
Fouy Ly 949-557-5012 Kidder Mathews
Fouy Ly 949-557-5012 Kidder Mathews