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1200-1212 2nd St 1200 2nd Street, Snohomish, WA 98290
Shopping Center - Restaurant
Retail - Street
Property Description
Presenting a rare opportunity to acquire a prime retail building situated in the heart of downtown Snohomish. Operate your business in the only remaing vacant space while enjoying a blend of commercial and residential income streams.
Key Features:
- Low Vacancy: Only one space remains vacant, making this the perfect owner/user opportunity.
- Prime Location: Nestled in the vibrant and historic downtown Snohomish, this retail building benefits from high traffic, visibility, and easy access to local amenities.
- Dedicated Parking: The property includes dedicated parking spaces, a valuable asset in the bustling downtown area, ensuring convenience for tenants and customers alike.
- Fully Leased Duplex: In addition to the retail space, the property features a fully leased duplex, providing a steady residential income stream.
- Value-Add Potential: Bring your vision to enhance the current space and increase its market value.
Area Description
Snohomish, Washington, is a charming and historic town that offers a unique blend of small-town atmosphere and modern conveniences, making it an attractive destination for both residents and visitors. Located in the scenic Snohomish Valley, the town is renowned for its rich history, outdoor recreation opportunities, and a strong sense of community. With forecasted population growth and consistent property appreciation, Snohomish is a great area to invest in.
Full Address: 1200 2nd Street, Snohomish, WA 98290
Listing Type: FOR SALE
Status: Active
Building Class: C
Zoning: HBD
Region: W-WP
County: Snohomish County
Use Type: Retail, Residential Multi-Family
Property ID: 4045629
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Waste: Yes
Has Broadband: Yes
Has Gas: Yes
Traffic Count: +/- 14,000 VPD
Building Sf: 6862
Parcel Num: 00579500900102, 579500900101, 579500901503
Number Units: 5
Number Buildings: 3
Year Built: 1910
Free Standing: Yes
Number Parking Spaces: 14
Cap Rate: 4.52
Tenancy Type: Multi-Tenant
Average Monthly Rent - 2 bed 1 bath +/- 601 square feet: 1200
Average Monthly Rent - 2 bed 1 bath +/- 501 square feet: 1500
1: La Tropicana Occupied: 1750 SF Lease Expiration: February, 2028
2: Benefit Solutions NW Occupied: 750 SF Lease Expiration: January, 2030
3: Residential Tenant Occupied: 501 SF Lease Expiration: MTM
4: Residential Tenant Occupied: 601 SF Lease Expiration: MTM