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Listed by:eXp Realty • Claire Fralish
$ 799,000
Est. payment /mo
Active
12524 Addison ST SW Lakewood, WA 98499
0.45 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Lakewood
MLS Listing ID 2508142
Style 42 - Multi-Family
Annual Tax Amount $5,356
Lot Size 0.450 Acres
Lot Dimensions 19,600
Property Sub-Type Land
Property Description
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.
Location
State WA
County Pierce
Area 37 - Lakewood
Interior
Fireplace false
Exterior
Utilities Available Electricity Available
View Y/N No
Garage Yes
Building
Lot Description Dead End Street
Sewer On Property
Water On Property
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Lakewood
Others
Senior Community No
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
"Three Trees" icon indicates a listing provided courtesy of NWMLS.