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    23631 Edmonds Way Edmonds, WA 98026

    For Sale
    $999,000

    Commercial land in Edmonds with existing building and development potential.

    Lot size:
    0.33 Acres

    Property Features for 23631 Edmonds Way

    General Information

    Lot size
    0.33 Acres

    Building Details

    Year built
    1961

    Source: LAKE & COMPANY Agent LARA WEASEA

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

    Overview

    Edmonds Way Commercial Development Site

    This property presents a rare opportunity to own a level business or commercial building and development site in Edmonds, situated on State Route 104, also known as Edmonds Way. The location provides convenient access to Interstate 5, Highway 99 (Aurora), downtown Edmonds, the Edmonds-Kingston ferry, mass transit options, and the upcoming Light Rail. Zoned BC, the site offers various possibilities, making it suitable for an owner-occupier, a small to medium-sized business, or potential upzoning to BC-EW for mixed-use retail and multi-family development. Alternatively, it could be rezoned to RM-1.5 for multi-family or single-family development, accommodating up to 9 or more units. The existing building features 1,670 finished square feet with an ADA-compliant entry, high ceilings, multiple offices, a kitchenette, a bathroom, retail space, storage space, and a garage. Additional storage is available in the tall attic and behind the building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Olympic Heating Hvac Contractor Steele Home Services Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Edmonds
    County
    Snohomish
    State
    Washington
    Longitude
    -122.3525985
    Latitude
    47.7843915

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    FAQs

    What type of property is this?
    Commercial land - Commercial land in Edmonds with existing building and development potential.
    Where is this commercial land located?
    The property is located at 23631 Edmonds Way Edmonds, WA.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: - Prime location in Edmonds on SR 104/Edmonds Way with easy access to I-5, Hwy 99, downtown Edmonds, ferry, mass transit, and future LightRail.; - Flexible BC zoning allows for various business/commercial uses, with potential for upzoning to BC-EW for mixed-use or RM-1.5 for multi-family/single-family development.; - Existing **1,670 sq ft building with ADA entry, high ceilings, multiple offices, kitchenette, bath, retail/storage space, and garage.**
    (206) 527-1777
    Request Owner's contact information
    23631 Edmonds Way Edmonds, WA 98026
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    Edmonds, WA 98026
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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
    23631 Edmonds Way Edmonds, WA 98026
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