10108 194Th StGraham, WA 98338

Property Details for 10108 194Th St

Year built

2019

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.97 AC

Property size (Sq ft)

3,123 SF

Zone code

MUD

Property type

Grocery and convenience stores

APN

418045030

APU

418045030

Description

This exceptional industrial land parcel, located at 10108 194th St E in Graham, Washington, presents a unique investment opportunity. The property, classified as Class B, is situated in Pierce County and boasts a highly desirable location with exceptional visibility. The site offers a large, level pad ideal for various commercial uses. Its strategic placement adjacent to a newly constructed AM/PM convenience store ensures high traffic volume, with over 36,000 vehicles passing daily. The property benefits from Meridian frontage and shared access to 194th Street, providing convenient ingress and egress. This sublease opportunity from the neighboring AM/PM offers a streamlined path to occupancy. The property's MUD zoning allows for a wide range of potential uses, making it particularly well-suited for quick-service restaurants (QSRs) and other businesses seeking high visibility and convenient access. The single building suite on the land provides a flexible space for development. The zip code is 98338. This is a rare opportunity to acquire a highly visible and strategically located industrial land parcel in a thriving area. The property's location and zoning make it an attractive option for a variety of businesses seeking a high-traffic location. The level pad simplifies development, minimizing site preparation costs. Don't miss this chance to secure a prime location in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,242,284

  6.5%

  $1,146,724

  7%

  $1,064,815

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,110,440

  Geo Method

  $1,515,597

• Alternative Use

  Use

  Valuation

  Residential

  $967,305

  Hospitality

  $886,046

  Educational

  $737,180

  Medical

  $762,533

  Retail

  $1,146,724

Location Insight

City

Graham

County

Pierce

State

Washington

Latitude

47.0799

Longitude

-122.295

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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