0.220 acres in Lake St

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0.220 acres in Lake St

Lake Stevens, WA 98258
Asking Price
$224K
Asset Type
Land
Class
Class B

What's Special

This 0.220-acre parcel is situated on Lake Street in Lake Stevens, Washington, positioned within a mixed-use corridor near the downtown core. The property is located blocks from the lakefront, providing proximity to public parks and local retail amenities. Neighborhood character is defined by a blend of established residential pockets and small-scale commercial developments. Transportation access is provided via nearby State Route 9 and State Route 204, connecting the site to the broader Snohomish County region and the city of Everett. The level topography and zoning designation make this site suitable for boutique commercial development or specialized professional services. Ideal use cases include retail pad sites, small office buildings, or medical clinics. Typical tenants for this location include local business owners, service providers, or private developers seeking a high-visibility footprint in a growing suburban market. The site’s footprint is well-sized for a single-tenant user requiring dedicated parking and central city access.

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NOI
$80,000
Cap Rate
35.71%
DSCR
6.02
Strong
Cash-on-Cash
99.26%
Monthly Payment
$1,108.23
Annual Cash Flow
$66,701.243

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