Snohomish Redevelopment
119 - 125 Avenue B Snohomish, WA 98290
119 - 125 Avenue B, Snohomish, WA, 98290
$1,950,000
For Sale
$1,950,000
Redevelopment opportunity in the heart of historic Snohomish.
Property Size8,144 SF
Lot Size0.64 Acres
Price / SF$239.44
Days on Market136
Property Features for 119 - 125 Avenue B
General Information
- Standard status
- Active
- Size
- 8,144 SF
- Lot size
- 0.64 Acres
- Property subtype
- Retail
Listing Agency
NAI Puget Sound Properties
(425) 652-1722
Listed by
Blake Stedman · License #WA2495
(425) 652-1722
Source
Naiglobal
Added: Mar 6 Updated: Jul 10 at 3:48 pm Checked: Jul 20 at 2:53 am
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 NAI Puget Sound Properties
Investment Insights
Based on property information with market context.
This property, situated in the core of Snohomish's historical downtown, presents a redevelopment opportunity within a walkable commercial district known for its character. The location provides easy access to SR-9. The property has a total lot size of 0.64 acres, which is equivalent to 27,520 square feet. The existing building provides 8,144 square feet of space. Zoned Historical Business (HB), the site accommodates various pedestrian and auto-oriented commercial uses, such as retail, boutique offices, restaurants, specialty services, and entertainment. The zoning benefits from reduced parking requirements, supporting higher-density infill development. On-site parking is ample, and water, sewer, electricity, and gas utilities are available.
Key Highlights
- Prime redevelopment opportunity in the heart of Snohomish's historic downtown.
- Zoned Historical Business (HB) allowing for diverse commercial uses like retail, office, restaurants, and entertainment.
- Reduced parking requirements support higher‑density infill development.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $175.9k | $21.60 |
| − Vacancy | −$12.0k | −$1.47 |
| EGI | $163.9k | $20.13 |
| − OpEx | −$49.2k | −$6.04 |
| NOI | $114.8k | $14.09 |
8,144 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.64M
$1.43M – $1.91M
NOI $114,764 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $158,985 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Redevelopment opportunity in the heart of historic Snohomish.
Where is this retail space located?
The property is located at 119 - 125 Avenue B Snohomish, WA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Prime redevelopment opportunity in the heart of Snohomish's historic downtown.; Zoned Historical Business (HB) allowing for diverse commercial uses like retail, office, restaurants, and entertainment.; Reduced parking requirements support higher‑density infill development.
