106 N Lefevre St Medical Lake, WA 99022
For Lease
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This exceptional 1,680 square foot commercial property, located at 106 N Lefevre St in Medical Lake, WA 99022, presents a unique investment opportunity. The building, constructed in 1959 and renovated in 1974, sits on a spacious 14,384 square foot lot and is ideally suited for a variety of retail uses, including a coffee shop or restaurant. The single-tenant building offers excellent visibility and is enhanced by a monument sign. The property's zoning allows for flexible use, making it an attractive option for entrepreneurs seeking a high-traffic location. The estimated monthly lease rate is $1,500, with estimated net, net, net (NNN) expenses of approximately $5.00 per square foot. The property consists of one building and includes two parcels, APN 14181.4804 & 14181.4816. This former gas and service station offers a blank canvas for a creative business owner to transform into a thriving enterprise. Its prime location and ample space make it a compelling investment opportunity in the growing Medical Lake market. The property's history as a gas station provides a unique character, while its recent renovations ensure a functional and modern space ready for immediate occupancy. Don't miss this chance to acquire a versatile commercial property with significant potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.