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Pacific Hwy Lakewood, WA 98499

Prime Seattle MSA Retail Space

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 9.82-acre property at 11013 Pacific Highway SW, Lakewood, WA (Seattle MSA), presents a unique investment opportunity. The site features a substantial 158,330 square foot building, formerly occupied by Costco, with 128,280 square feet currently vacant. A separately-parceled O'Reilly Auto Parts building is also included. Its ideal location between Interstate 5 and Pacific Highway SW offers unparalleled access to a dense, affluent population exceeding one million people within a 30-minute radius. This demographic boasts an average annual household income over $94,000 and spends over $9 billion annually on retail goods. The existing structure, with its large, open floor plan and high ceilings, is perfectly suited for adaptive reuse as a Neighborhood Fulfillment Center (NFC), capitalizing on the significant online retail spending in the area (17% of total retail spending). Ample parking further enhances the property's appeal in the land-constrained Seattle MSA. This property offers a compelling combination of size, location, and potential for significant return on investment.

Highlights

  • 11013 Pacific Highway SW, Lakewood, WA (Seattle MSA): 9.82-acre site with a former Costco building (128,280 SF vacant) and a separate O'Reilly Auto Parts building.
  • Suitable for adaptive reuse as a Neighborhood Fulfillment Center (NFC); features a large, open floor plan with high ceilings and ample parking.
  • Excellent Seattle MSA location between I-5 and Pacific Hwy SW, offering easy access to a dense, affluent population.
  • Serves a market of over 1 million people within 30 minutes, boasting average household income exceeding $94,000 and over $9 billion in annual retail spending (17% online).

Property Details for 0 Pacific Hwy

Property type
Retail properties
RSF (Rentable sq. ft)
158,330 SF

Unit(s) available at that property

Space
Available A
Size
128,280 SF

Location Insight

City
Lakewood
County
Pierce
State
Washington
Latitude
47.1493648
Longitude
-122.5043291

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FAQs

What type of property is this?
Retail property - Prime Seattle MSA Retail Space
Where is the retail property located?
The property is located at Pacific Hwy Lakewood, WA.
What are key features of this property?
This property features: 11013 Pacific Highway SW, Lakewood, WA (Seattle MSA): 9.82-acre site with a former Costco building (128,280 SF vacant) and a separate O'Reilly Auto Parts building.; Suitable for adaptive reuse as a Neighborhood Fulfillment Center (NFC); features a large, open floor plan with high ceilings and ample parking.; Excellent Seattle MSA location between I-5 and Pacific Hwy SW, offering easy access to a dense, affluent population.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Property Records

Contacts

David Cahill
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Pacific Hwy
Lakewood, WA 98499

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Lakewood, WA 98499

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

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