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%.
Listing Provided Courtesy of Scott Horan, John L. Scott R.E. Lake Tapps
General Information
NWM2406916
Commercial Industrial
217
DOM
1.26 acres
0
See Rem
Pierce
Commercial Sale
Commercial Industrial
Listing Provided Courtesy of Scott Horan, John L. Scott R.E. Lake Tapps
Krishna Realty data last checked: Dec 25, 2025 22:53 | Listing last modified Dec 25, 2025 03:15,
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Residence Information
0
1067
62 - Business Opp.
Features and Utilities
0
Financial
277
Cash Out
07-15-2025
1113
Comparable Information
217
217
Cash Out
$265,000
$265,000
Dec 25, 2025 03:15
Schools
Map
Listing courtesy of John L. Scott R.E. Lake Tapps.
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%.
