15206 Union Ave SW $970,000


    15206 Union Ave SW Lakewood, WA 98498

    • 0.38 Acres
    • Commercial/Industrial
    Listing# 1350433 | Active
    Days On Market: 421 5 Views
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    Property Details

    Good income 6% cap rate with low maintenance costs. Long term stable tenants. Second floor office is currently vacant: conference,2- prvt offices with ADA RR approx 2000sf. Well maintained building built in 1996. Excellent frontage and close to main intersection to Fort Lewis & McCord Army /Airforce Bases.Great visibility and car traffic! Generous prkg 26+stalls pls do not disturb tenants. LAKEWOOD/TACOMA CONTINUES TO LURE BUSINESS TO SOUTH SOUND WITH BETTER INFRASTRUCTURE LOWER TAXES

    • General Features
      • County Pierce
      • Approx Building SqFt 6,040
      • Approx Office SqFt 0
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Commercial
      • Style 60-Comm Bldg Und 10K
      • Total Covered Parking 0
      • Total Uncovered Parking 26
      • Zoning Jurisdiction City
    • Building Features
      • Exterior Cement/Concrete, See Remarks, Stucco
      • Foundation Poured Concrete
      • Roof Flat
    • Property Features
      • Depth of Lot 0
      • Site Frontage 0
      • Water-Sewer-Garbage 1500
      • Sewer Sewer Connected
      • Sewer Company Pierce County
      • Energy Source Electric, Natural Gas
      • Number of Available Pads 0
      • Lot Square Footage 16,500
    • Financials
      • Vacancy Rate 0
      • Total SqFt Rented 0
      • Total Monthly Rent $0
      • Gross Rent Multiplier 0
      • Cap Rate -NOI div LP 6
      • Gross Scheduled Income $72,600
      • Gross Adjusted Income $0
      • Total Expenses $0
      • NOI $56,105
      • Electrical Expenses $0
      • Tax Expense $11,085
      • Heating Expense $0
      • Insurance Expense $2,000
      • Other Expenses $2,000
      • Tax Year 2018
      • Annual Assoc. Dues $0



    98498 (Lakewood) Demographics

    40Median Age
    3,246Population Density (per sq. mile)
    38%College Educated
    $58,626 Estimated Median Income
    6,709Estimated Total Home Owners
    4,428Estimated Total Renters
    60% / 40%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    27,614Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $345,000 Median Sales Price
    39 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $970,000
        8/22/2018 7:24:00 PM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.