Lake Stevens, WA 98258

$875,000
MLS #/Web ID: 1274506
Call 1-800-839-1363
1274506

Commercial Property for sale in Lake Stevens, WA

for $875,000. This building was built in 1967.

Property Information

  • $875,000
  • Commercial
  • Commercial
  • Active
  • Built in 1967
  • Lake Stevens, WA
  • Snohomish County
  • MLS/Web ID is 1274506
  • Just Listed

Description

Attention investors! Income-producing, 10.31 acre property is rural and secluded. Current tenant is a licensed cannabis producer/processor, renting at $5, 500 per monthly, lease in effect until 2022 with the option to renew. Cap rate 9.48%, cash-on-cash return 19.67%. This residential property has a Conditional Use Permit w/potential to expand & create additional I-502 producer/processor sites. Build greenhouses? Another possibility is a Rural Cluster Subdivision. Buyer to verify all information.

Interior 3

Heating Source

  • Electric

Sewer

  • Septic Tank

Water Source

  • Well

Exterior 5

Construction

  • Wood

Foundation

  • Concrete

Lot Description

  • Level/Flat
  • Wooded / Trees

Roof

  • Composition

Zoning

  • County
  • Residential

Miscellaneous 1

Accessibility

  • Handicap Access

† Excluded Feature

Neighborhood & Schools

Community: Lake Stevens

 See complete school information

Listed By

Listing Agent: Maureen Cook
Broker: CENTURY 21 REAL ESTATE CENTER

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363

Market Pricing

Average % of sale price Median % of sale price
All listings in Lake Stevens $564,102 36 % below $467,475 47 % below
Commerical listings in Lake Stevens $873,790 0 % below $599,000 32 % below

Get the facts about Lake Stevens, WA!

Population 35,682
Population Growth (since 2000) 65 %
Median Income $72,648
Median Age 35.24
Households w/ Children 40 %

Residential Dwellings

  • Owned 8956
  • Vacant 662
  • Rented 3531

Similar Listings

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