Mixed-Use Building with
New
For Sale
Contact for pricing
120 Woodworth St, Sedro Woolley, WA 98284
CBD zoning, dedicated parking, and existing office and barber uses shape this downtown commercial property.
Property Size2,224 SF
Lot Size0.07 Acres
Price / SF$157.37
Days on Market5
Property Features for 120 Woodworth St
General Information
Standard status
Active
Size
2,224 SF
Total Parking Spaces
4
Lot size
0.07 Acres
Property subtype
RETAIL
Zoning
CBD
Building Details
Buildings
1
Listing Agency:
Learned Commercial, Inc.
(360) 757-3888
Listed By:
Clay Learned · License #8418
(360) 770-1388
Source:
Moodyscre
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 10 at 2:31AM
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 Learned Commercial, Inc.
Investment Insights
Based on property information with market context.
At 120 Woodworth St in Sedro-Woolley, this mixed-use property contains approximately 2,224 square feet across a building and basement on approximately 0.07 acres. The building is currently used for office space and a barbershop, with additional basement area. The property is available 30 days after closing.
Four fee-owned parking spaces are located on the north side of the building. The site is just off Sedro-Woolley’s main downtown area and is zoned CBD, or Central Business District.
Four fee-owned parking spaces are located on the north side of the building. The site is just off Sedro-Woolley’s main downtown area and is zoned CBD, or Central Business District.
Key Highlights
- Approximately 2,224 +/- sf building on .07 +/- acres
- Currently operating with office space and a barbershop
- Basement space included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,829
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,580
$416.6K
Cap Rate 7%
$297,557
$297.6K
Cap Rate 9%
$231,433
$231.4K
Market Conditions
NOI Build-Up for 2,224 SF
Gross rent
$36.0K $16.20/SF
− Vacancy
−$2.7K −$1.22/SF
EGI
$33.3K $14.99/SF
− OpEx
−$12.5K −$5.62/SF
NOI
$20.8K $9.37/SF
Area
Skagit County, WA
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,580
Cap Rate 7%
$297,557
Cap Rate 9%
$231,433
Alternative Uses
Best Use
Mixed Use
$297.6K
$260.4K – $347.2K
NOI $20,829 @ 7.0% cap · market cap 5.95%
Second Best
Retail
$268.3K
$234.7K – $313.0K
NOI $18,779 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$904.5K
$791.5K – $1.06M
NOI $63,317 @ 7.0% cap · market cap 18.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 44%
Burger King
Dining
10,303 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
5,382 visits/mo
0.5 miles
Les Schwab Tire Center
Shops & Services
3,284 visits/mo
0.5 miles
Domino's Pizza
Dining
2,934 visits/mo
0.1 miles
Iron Skillet
Dining
2,010 visits/mo
0.1 miles
Demographics for 98284, WA
27,293
Population
11,095
Households
2.5
Avg Household Size
39
Median Age
20%
College-Educated
89%
High-School Grad
281.3 sq mi
ZIP Area
97
Density / Sq Mi
$82,097
Median Household Income
$50,074
Median Earnings
$1,476
Median Rent
$427,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - CBD zoning, dedicated parking, and existing office and barber uses shape this downtown commercial property.
Where is this mixed-use property located?
The property is located at 120 Woodworth St Sedro Woolley, WA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 2,224 +/- sf building on .07 +/- acres; Currently operating with office space and a barbershop; Basement space included
