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    829 2Nd St Mukilteo, WA 98275

    Sponsored
    For Sale
    $1,900,000

    Stunning Views, Mixed-Use Potential, High Income

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional Mukilteo property at 829 2nd Street presents a rare investment opportunity. Boasting both commercial and residential spaces, this building offers immediate rental income potential and significant upside. The main floor features breathtaking views, a recently renovated kitchen, a spacious great room, and a primary bedroom with an ensuite bathroom. The luxurious finishes and open layout create a desirable living space. The third floor includes two additional bedrooms, each with its own ensuite bathroom, providing ample privacy. A private deck and a relaxing sunroom enhance the living experience on this level. A large common area on the third floor offers the potential to add a kitchen, further increasing the property's versatility. The nearly completed top floor, accessible via interior stairs, features a balcony with panoramic views, ready for your personal touch. Seven potential parking spaces are conveniently located in the rear alley, providing ample parking for residents and tenants. The property's prime location, a short walk from Lighthouse Park and the Mukilteo Ferry Terminal, places it in the heart of Mukilteo's vibrant community, ensuring high demand and strong rental prospects. This unique property is priced at $1,900,000. Don't miss this chance to own a piece of Mukilteo's thriving waterfront scene.

    Property Features for 829 2Nd St

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    2000
    Property Profile Location Intelligence

    Current Use by Public Records

    Abossein Engineering LLC Engineer 373 Degrees Kelvin Personal Trainer DJA Fitness Training Personal Trainer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mukilteo
    County
    Snohomish
    State
    Washington
    Longitude
    -122.3004
    Latitude
    47.94756

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    FAQs

    What type of property is this?
    Commercial real estate - Stunning Views, Mixed-Use Potential, High Income
    Where is this commercial real estate located?
    The property is located at 829 2Nd St Mukilteo, WA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    (425) 243-9745
    Request Owner's contact information
    829 2Nd St Mukilteo, WA 98275
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    Mukilteo, WA 98275
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    829 2Nd St Mukilteo, WA 98275
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