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$529,000 Just Listed
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Property Description
Beautifully remodeled and turnkey office building positioned on a high-visibility corner lot in the heart of Lakewood. This standout property offers exceptional flexibility with NC2 zoning, allowing for a wide range of uses including professional office, medical, wellness, retail, or mixed-use/live-work configurations-making it ideal for both owner-users and investors seeking long-term upside. The building features 7 private offices, 2 conference rooms, 2 bathrooms, and 2 kitchenettes, creating a functional layout that supports single-tenant use or an easy conversion to multi-tenant occupancy. High-end interior finishes, including granite countertops and updated systems, deliver a modern, move-in ready environment. Abundant on-site parking, with approximately 20 spaces, is a rare advantage and is further enhanced by a valuable easement encumbering the adjacent parcel, providing possible additional parking flexibility and future redevelopment leverage. Strong street presence with signage opportunities and excellent access to JBLM, Tacoma, DuPont, and Olympia position this asset in a highly desirable corridor. Previously under-marketed, this property presents a renewed opportunity to capitalize on its quality, functionality, and zoning versatility. A compelling option for professional users, medical or service-based businesses, or investors seeking income potential in a growing submarket. The building is one suite, close a small section and have 2 suites w/ 2 separate meters.
Full Property Details
Full Property Details for 14718 Union Ave SW
General
- Price: $529,000
- Status: Active
- Type: Industrial
- Source: NWMLS
- MLS ID: 2505117
- Updated: 4/9/2026
- Added to Site: 2 day(s) ago
Location
- Area: 41 - Lakewood/Tillicum
- County: Pierce
- Subdivision: Tillicum
- Driving Directions: Take exit 122A-122B from I-5 S, Use the 2nd from the right lane to take exit 122A-122B toward Thorne Ln/JBLM Logistics Gate - Drive to Union Ave SW - Head North on Union Ave SW to the property.
Structural Information
- Structure Type: Unspecified
- Year Built: 1951
Lot Features
- Lot Size (Acres): 0.2443
- Lot Size (Sq. Ft.): 10,640
- Lot Size Source: Public Records
Disclosures and Reports
- Special Conditions: None
- Property ID: 2200002212
Listed by Joey Soller | Keller Williams Greater 360 | (360) 347-6600
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Schools
Schools serving 14718 Union Ave SW
School District:Clover Park School District
| Name | Grades | Distance |
|---|---|---|
Tillicum Elementary School 8514 Maple ST SW, Lakewood, WA 98498 | K-5 | 0.1 mi |
Woodbrook Middle School 11509 Holden Road Southwest, Lakewood, WA 98498 | 6-8 | 2.2 mi |
Harrison Preparatory School 9103 Lakewood Drive Southwest, Lakewood, WA 98499 | 6-12 | 4.1 mi |
Clover Park High School 11023 Gravelly LK DR SW, Lakewood, WA 98499 | 9-12 | 2.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 14718 Union Ave SW
Date
Details
Price
Change
Source
4/08/2026
Listed
$529,000
53.67%
MLS
4/22/2020
Sold
$344,250
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 14718 Union Ave SW
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,185
50%
$439,900
53%
2023
$3,454
-2%
$288,400
10%
2022
$3,524
-8%
$262,500
—
2021
$3,847
-3%
$262,500
—
2020
$3,953
5%
$262,500
10%
2018
$3,778
4%
$238,700
9%
2017
$3,625
-1%
$219,900
—
2016
$3,647
3%
$219,900
5%
2014
$3,531
—
$209,400
5%
2014
$3,531
—
$199,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 14718 Union Ave SW
14718 Union Avenue SW, Lakewood, WA 98498 (MLS# 2505117) is a Industrial property. 14718 Union Avenue SW is currently listed for $529,000 and was received on April 08, 2026. Want to learn more about 14718 Union Avenue SW? Do you have questions about finding other Industrial real estate for sale in Lakewood? You can browse all Lakewood real estate or contact a Coldwell Banker agent to request more information.

