🏢 Lakewood’s Most Expensive Listing

Town Centre Village is now for sale, offering 2 buildings, 42K+ square feet, and major investment upside

A major piece of Lakewood’s commercial and residential core just hit the market — and it's officially the most expensive active real estate listing in the city right now.

Say hello to Town Centre Village — a two-building, mixed-use development featuring 33 residential units, 9 commercial spaces, and over 47,000 square feet of rentable space. If you’ve been looking for a value-add investment in the South Sound with high visibility and cash flow potential, this one’s worth a closer look.

💰 What’s for Sale
This isn’t a single building — it’s a dual-property package:

1. 🏙️ A 41,072 SF mixed-use building with residential units and commercial frontage along Bridgeport Way

2. 🏡 A 6,932 SF 4-plex offering 2- and 3-bedroom apartment layouts

Combined, the two buildings offer:

• 33 residential units

• 9 ground-floor commercial spaces

• 40 surface parking spaces

• 31 gated spaces

• 16 gated + covered spaces

📈 Why It’s a Standout Investment
According to the listing, Town Centre Village has the potential to increase rental income by approximately 11% through minor interior updates and adjusting rents to market rates.

🧮 Additional upside:

• 83% commercial occupancy

• Long-term NNN leases in place

• Located in a high-traffic, central corridor of Lakewood

• Easy access to I-5, Lakewood Town Center, and major employers

🏗️ Who This Is For
This is a prime target for:

• Investors seeking a stable asset with upside potential

• 1031 exchange buyers

• Real estate groups looking for a portfolio addition with both commercial and residential diversification

💼 Listing Details
📍 Address: 10240 Bridgeport Way SW, Lakewood, WA
🔗 Full Listing: Click here to view

🧭 Final Thoughts
It’s not every day a listing like this comes up in Lakewood — especially one with scale, income, and walkable appeal. Whether you’re an investor or just someone watching the local market evolve, this sale marks a major milestone in the city’s growth.

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🔗 For more South Sound real estate updates, follow @aaronthomaspnw and get our weekly roundup at southsoundreport.com