4203 218th Avenue E in Lake Tapps
| Listing ID: | 2406916 (Commercial) |
|---|---|
| Listing Price: | $235,000 |
| Days on Market: | 220 |
Details | |
| Lot Size: | 1.26 acre (54,693 sqft) |
The Subject property is located along the easterly side of 218th Ave. E, and south of 40th St. E. near Lake Tapps. The subject property is primarily rectangular-shaped and mostly level, totaling 54,693 square feet (1.25 Acres). Current zoning is R-10, but the site is currently used as a permitted Cellular Communications Site. Seller (Lessor) receives two (2) separate automatic monthly deposits from SBA Communications & T-Mobile; the total amount of both deposits is $1,112.44 per month. Current List Price is $30,000 less than $265,000, as per the MAI Appraisal dated 7/14/24. Appraisal of the subject property is available to brokers in supplements and electronically available to other interested parties upon request. Cap Rate 5.56%.
This listing is provided courtesy of NWMLS, contributed by John L. Scott R.E. Lake Tapps.
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