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11608 Airport Rd Everett, WA 98204

For Sale
$988,000

High-yield Airport Road property, strong tenant.

Description

Added:
Feb 3, 2025
Days on Market:
314
This exceptional commercial investment property is located at 11608 Airport Road in Everett, Washington, offering a prime location just off Highway 99, near Boeing and the new Snohomish County National Airport. The property boasts a 1,828-square-foot building constructed in 1978, situated on a 9,583-square-foot lot. Ample parking is provided with over 12 spaces. Currently leased to Airport Massage under a triple net lease, this property offers a secure and consistent income stream. The monthly rent is $4,923.42, with a built-in 6% annual increase, resulting in an annual gross and net income of $59,081. This translates to a 6% capitalization rate, making it an attractive investment opportunity for discerning buyers. The property's strategic location near major transportation arteries and prominent businesses ensures high visibility and accessibility. This is a rare chance to acquire a well-established, income-producing commercial property in a thriving area. The long-term lease provides stability and predictable returns, making this an ideal addition to any investment portfolio. Don't miss this chance to secure a piece of Everett's vibrant commercial landscape.

Property Features for 11608 Airport Rd

General Information

Property type
Other commercial real estate

Building Details

Year Built
1978

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Airport Massage Massage Spa

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Everett
County
Snohomish
State
Washington
Longitude
-122.2614
Latitude
47.8926

FAQs

What type of property is this?
Commercial real estate - High-yield Airport Road property, strong tenant.
Where is this commercial real estate located?
The property is located at 11608 Airport Rd Everett, WA.
What is the asking price?
The asking price for this property is $988,000.
More about this property
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