8505 Steilacoom Boulevard SW, Lakewood, WA 98498
- $675,000
Listing courtesy of Theory Real Estate. Selling Office: John L. Scott, Inc..
- Sold Price
- $675,000
- List Price
- $649,950
- Status
- SOLD
- MLS#
- 2146450
- Closing Date
- Sep 14, 2023
- Days on Market
- 20
- Annual Tax Ammount
- 3165
Property Description
CALLING ALL INVESTORS & LIVE WORK BUYERS! Incredible opportunity w/ this commercial building on the busy Steilacoom Blvd strip! Very high traffic and walker count for max business exposure! The building offers multiple levels for many uses! Main level on the street front is a large open concept space w/ a wet bar & 1/2 bath! Downstairs offers flex rooms, kitchen, and access to the oversized attached 2 car garage that’s finished for either flex space or covered parking! Upstairs has a 1/2 bath, full bath & 4 rooms w/ one room that has an attached storage room & a deck! Backyard functions as a private fenced courtyard! Corner lot with off street parking and multiple entrances to the building for endless possibilities!
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Additional Information
- Community
- Lakewood
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1954
- # of Assigned Spaces
- 18
- Roof
- Flat
- Tax Year
- 2023
- Potential Terms
- Cash Out
- Interior Features
- Concrete
- Flooring
- Concrete, Vinyl Plank
- Driving Directions
- I-5 to Bridgeport off ramp, West to Steilacoom Blvd, Left past Jack In The Box/McDonalds to the cleaners on the Right.
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $71,907
- Gross Adjusted Income
- $78,000
- Gross Scheduled Income
- $78,000
- Cap Rate
- 11.06
- Total Expenses
- $6,093
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.