11608 Airport Rd, Everett, WA 98204

Building Details

Year Built

1978

Listing agent DAVID HILBERT

Listing office REAL ESTATE 2000 CORP. d***@re2000homes.com

Listing date Jul 3, 2024

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of REAL ESTATE 2000 CORP.

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Overview

This commercial property is located on Airport Road, just off Highway 99, and near Boeing and the new Snohomish County National Airport. Constructed in 1978, the 1,828-square-foot building sits on a 9,583-square-foot parcel and includes over 12 parking spots. The property is under a long-term triple net lease to Airport Massage, generating a monthly rent of $5,200 for the next five years. The annual gross and net income is $62,400, yielding a 9.4% CAP Rate.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

• Map
• Local Demand

City

Everett

County

Snohomish

State

Washington

Longitude

-122.261

Latitude

47.8926

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FAQs

What type of property is this?

Investment property - Commercial property with long-term tenant near Boeing and Highway 99.

Where is this investment property located?

The property is located at 11608 Airport Rd Everett, WA.

What is the asking price?

The asking price for this property is $665,000.

What are key features of this property?

This property features: High 9.4% CAP Rate; Stable income stream of $62,400 annually; Long‑term triple net lease in place with Airport Massage