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$600,000
2572463 MLS ACTIVE Status
Set on 2 acres in Arlington, this unique property offers exceptional space, functionality & flexibility. At the center is an impressive 40' x 84' fully insulated shop offering approx. 3,360 sq ft with high ceilings, exposed trusses, concrete floors, large roll-up door & wood-burning stove. The shop is plumbed for compressed air & a 50-amp RV electrical connection is located at the south end, providing excellent functionality for vehicles, equipment, storage, projects & recreational toys. An approx. 24' x 40' portion of the shop has been partially built out over 2 levels, creating multiple rooms & additional usable areas. The unfinished build-out provides flexibility for the next owner to customize the space around their vision, needs & intended use. The north end of the property was previously the site of a manufactured home & was historically served by utilities; current condition, availability & functionality are unknown. The 87,120 sq ft lot features open space, established trees, plum & mature pear trees, partial mountain views, approx. 320' of Lakewood Rd frontage & convenient access from Lakewood Rd. A bus stop is located at the property corner, with shopping, dining, services & everyday conveniences nearby. Ideal for substantial shop space or exploring investment, building, development or other possibilities. Buyer to verify utilities, zoning, permitted uses, improvements, development potential & requirements to their satisfaction.

407 Lakewood Road, Arlington

Listing courtesy of RE/MAX Elite.

$799,000
2508142 MLS ACTIVE Status
Priced Improved on Prime multifamily-zoned land in Lakewood’s high-growth corridor, just minutes to JBLM. This nearly shovel-ready site includes extensive pre-development work—civil site planning, survey, geotechnical analysis, landscape design, and MEP (mechanical, electrical, plumbing)/energy coordination—saving significant time and upfront costs. Strong soil conditions support efficient stormwater design, enhancing feasibility and reducing development expense. Potential eligibility for the 12-year MFTE program may further improve long-term returns (buyer to verify). Flexible opportunity for builders, investors, or developers seeking a streamlined path to a ~25-unit project in a proven rental submarket. Do NOT disturb tenants.

12524 Addison Street SW, Lakewood

Listing courtesy of eXp Realty.

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