Lake Stevens, WA 98258

List Price

Property Description

Attention investors! Income-producing, 10.31 acre property is rural and secluded. Current tenant is a licensed cannabis producer/processor, renting at $5,500 per month, lease in effect until 2022 with the option to renew. Cash-on-cash return 7.5%. This residential property has a Conditional Use Permit w/potential to expand & create additional I-502 producer/processor sites. Build greenhouses? Another possibility is a Rural Cluster Subdivision (current R5 zoning). Buyer to verify all information.

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Calculator source: Real Geeks

Listing courtesy of NWMLS / CENTURY 21 Real Estate Center

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