Courtesy: John L. Scott R.E. Lake Tapps
253-863-4406
Scott Horan
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 a rectangular-shaped but mostly level parcel totaling 54,693 square feet, or 1.25 Acres. The 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 for both is $1,112.44 per month. Listed Price of $265,000 is the amount the subject property was appraised for on July 14, 2024. $265,000 MAI Appraisal of subject property is available to brokers in supplements, and electronically available to other interested parties upon request.
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Lake Tapps is located in Washington. Lake Tapps, Washington has a population of 12,570. Lake Tapps is more family-centric than the surrounding county with 37.83% of the households containing married families with children. The county average for households married with children is 32.93%.
The median household income in Lake Tapps, Washington is $119,626. The median household income for the surrounding county is $82,574 compared to the national median of $69,021. The median age of people living in Lake Tapps is 41.9 years.
The average high temperature in July is 75.7 degrees, with an average low temperature in January of 34.7 degrees. The average rainfall is approximately 49 inches per year, with 4.7 inches of snow per year.
