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Property profile & analytics
OFF-MARKET
Office Spaces

311 Lake St Medical Lake, WA 99022

1,016 SF Built 1894
Property ID
US90-2924745
Property summary
AI-generated overview

This unique Medical Lake property offers a compelling investment opportunity. The 1,016 square foot building, constructed in 1894, sits on a large double lot in the heart of town and includes a newer 20x30 shop (built 2018) featuring concrete floors and power. Zoned Commercial C-1, this property presents versatile options for development, with no setback or parking requirements allowing for maximized building space. The main floor is suitable for live-work or multi-use development, with 80% of construction designated for commercial use. Located at 311 E Lake St, Medical Lake, WA 99022, this property boasts a prime location in a thriving community of nearly 5,000 residents. The APN is 14181.5012. This is a rare chance to acquire a mixed-use property in a desirable location with significant potential for various commercial ventures. The asking price is $265,000. The property consists of one building on one unit. This is a truly unique opportunity to own a piece of Medical Lake's history and future.

Property profile
Verified
Property type Office Spaces
Year built 1894
Total area 1,016 SF
UPID US90-2924745
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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