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303 91st Ave NE
Lake Stevens, WA 98258
Lake Stevens Marketplace · Retail Property For Sale
Investment Highlights
- The offering provides an investor attractive return on cost upon lease up and stabilization
- The offering provides upside through leasing of the 22,289 SF former Rite Aid space as well as two small shop spaces
- The restrictive land use guidelines and lack of available land create high barriers to entry for competitive development
- Several of the tenants have recently signed new leases or new lease extensions
- Lake Stevens Marketplace is positioned in the heart of the Lake Stevens retail core and benefits from excellent visibility and access from SR-9
- 71% of the income stream comes from nationally recognized tenants
Property Facts
Property Type
Retail
Building Size
107,605 SF
Building Class
B
Year Built
1993
Percent Leased
97%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.30
Lot Size
8.33 AC
Zoning
CD - Commercial District (CD)
Parking
522 Spaces (5.47 Spaces per 1,000 SF Leased)
Frontage
1,081’ on 91st Ave
Amenities
- Restaurant
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 008040-000-001-06 | Improvements Assessment | $2,409,100 |
| Land Assessment | $595,900 | Total Assessment | $3,005,000 |
Property Taxes
Parcel Number
008040-000-001-06
Land Assessment
$595,900
Improvements Assessment
$2,409,100
Total Assessment
$3,005,000
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