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Listed by Westlake Associates, Inc. Reid Jones
$10,950,000
Est. payment /mo
55 Beds
52 Baths
48,214 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 48,214 sqft
Price per Sqft $227
Subdivision Lakewood
MLS Listing ID 2470082
Style 56 - 10+ Units
Bedrooms 55
Year Built 2005
Annual Tax Amount $126,033
Lot Size 1.362 Acres
Property Sub-Type Multi Family
Property Description
Town Centre Village is a well-maintained mixed-use investment offering a compelling blend of scale, diversification, and modern appeal. The property features 37 spacious residential units with large one- to three-bedroom floor plans, complemented by 13 street-level retail suites that provide multiple income streams. Built in 2005 with expansion in 2017, the asset includes a main elevator-served building as well as a separate townhome-style fourplex. Residential units have been upgraded with contemporary flooring, cabinetry, and finishes, and every unit is equipped with a full in-unit washer and dryer. Retail tenants operate under established NNN leases and benefit from fully served HVAC systems, while on-site amenities include secured 24-hour resident parking, 87 total parking spaces, an on-site daycare, salon, and café—enhancing both tenant demand and long-term stability. Ideally positioned along high-visibility Bridgeport Way SW, the property offers immediate access to I-5, Tacoma, and Joint Base Lewis-McChord, with Lakewood Towne Center's retail and dining options just minutes away. The Lakewood Transit Center is located under two miles from the site, further strengthening commuter appeal.
Location
State WA
County Pierce
Area 40 - Lakewood
Interior
Flooring Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Fenced-Partially, Gated Entry
View Y/N No
Roof Type Composition,Flat
Building
Lot Description Corner Lot, Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Lakewood
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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