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Listed by John L. Scott R.E. Lake Tapps Scott Horan
$ 235,000
Est. payment | /mo
1.26 Acres Lot
$ 235,000
Est. payment | /mo
1.26 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Lake Tapps
MLS Listing ID 2406916
Style 62 - Business Opp.
Annual Tax Amount $277
Lot Size 1.256 Acres
Lot Dimensions See Surveyor Exhibit in Supplements
Property Sub-Type Commercial Industrial
Property Description
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%.
Location
State WA
County Pierce
Area 109 - Lake Tapps/Bonney Lake
Interior
Fireplace false
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
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