8906 20th St SE

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8906 20th St SE

Lake Stevens, WA 98258
Asking Price
$450K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel spanning 0.26 acres in Lake Stevens
  • Offered for purchase at an asking price of 450,000 dollars
  • Strategically situated within the growing Snohomish County market area
  • Zoned for commercial development suited for various business uses
  • Accessible location positioned at coordinates 47.9778, -122.1114

What's Special

Lake Stevens serves as an expanding residential and commercial hub within Snohomish County, benefiting from its proximity to larger regional economic centers while maintaining a distinct suburban character. This 0.26-acre commercial land parcel at 8906 20th St SE presents a strategic acquisition for developers or business owners seeking a foothold in this growing market. Given its designated commercial usage and accessible location, the site is well-suited for a variety of small-scale professional operations, retail services, or specialized business facilities tailored to the needs of the surrounding community. Investors and local business operators can leverage the site's visibility and ease of access to support long-term development plans in a region currently experiencing steady demographic and economic growth. This parcel provides a functional footprint for entities aiming to establish or expand their physical presence in the Pacific Northwest corridor.

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NOI
$80,000
Cap Rate
17.78%
DSCR
2.99
Strong
Cash-on-Cash
39.47%
Monthly Payment
$2,226.354
Annual Cash Flow
$53,283.746

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