Halcyon Apartments (Fully Entitled)

Halcyon Road SW, Lakewood, WA 98499

Executive Summary

Summary

  • Price: $1,600,000
  • Address: XXX Halcyon Road SW & 4205 109th St SW, Lakewood WA 98499
  • Parcels: 6075000070 & 6075000060
  • Call for Offers: TBD (Owner reserves the right to accept offer prior to such date)
  • Proposed Units: 40 (Fully Entitled)
  • Land Area: .72 acres (31,363.2 square feet)
  • Zoning: TOC (Transit Oriented Commercial)

First Western Properties is pleased to exclusively present Halcyon Commons, a fully-entitled 40-unit development opportunity in Lakewood. This property has unparalleled convenience, offering residents quick access to Lakewood Towne Center, JBLM, and the greater Puget Sound region via I-5, all within a 5 minute drive. The development will cater to the needs of young professionals, families, and military personnel seeking a convenient and connected lifestyle. Proximity to JBLM provides a built-in tenant base and ensures consistent demand. This property is well-situated for Sound Transit commuters, with the Lakewood Sound Transit Station just a 2 minute drive south of Halcyon. Annual Sound Transit ridership has exceeded 40 million boardings per year each of the past 3 years.

Key Facts

Fully-entitled for 40 Units | 1 Building

.72 acres (31,363 square feet)

Less than 1 mile from Lakewood Sound Transit Station
Easy access to I5, Lakewood Towne Center, and JBLM

Permits expected to be received Q2 2024

Unit Mix: 26 Studios, 14 1-Bed 1-Baths

Aerial Map

Regional Aerial Map

Lakewood is the second largest city in Pierce County.

The Sounder Train makes six round trips every weekday between Lakewood and Seattle. Intermediate stops include Puyallup, Sumner, Auburn, Kent and Tukwila.

Team

Elijah Piper

Ned Whalen

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