Property summary
This exceptional investment opportunity presents a mixed-use retail building ideally situated in the heart of downtown Edmonds, Washington. The property, located at 113 5th Ave S, Edmonds, WA 98020, encompasses a substantial 2,264 square feet on a 0.07-acre lot. Currently, the building houses two tenants: one long-term occupant and one vacant space of approximately 360 square feet, presenting immediate potential for increased revenue. The property is zoned BC - City of Edmonds, reflecting its prime commercial location. Its strategic placement benefits from high foot traffic and proximity to key amenities, including the Edmonds/Kingston ferry terminal, and is within walking distance of numerous retail establishments, residential areas, and financial institutions. The strong demographics of the area further enhance the investment appeal. The asking price for this exceptional property is $1,350,000. This represents a rare chance to acquire a well-positioned, mixed-use building with significant upside potential in a thriving Washington community. The property's size and location make it an attractive investment for both seasoned and new investors seeking a strong return on investment in a desirable market. The approximately 3,000 square foot parcel offers flexibility for future development or expansion.
Property profile
VerifiedCap rate & NOI
Current use
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Nightclub Bar & Pub
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Bar & Pub
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
E0 · Edmonds, WAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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