113 5th S Ave Edmonds, WA 98020-3423
- Bars
- 1,904 SF
- 0.07 lot acres
Current Use by Public Records
- Engel's Pub / Karaoke Bar / Live Music Bar
- bar / Bar
Property Details for 113 5th S Ave
- Year built
- 1929
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.07 lot acres
- Property size
- 1,904 SF
- Zone code
- E0
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 434212003800
- APU
- 434212003800
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,100,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,125,000
- 6.5%
- $1,230,000
- 7%
- $1,170,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,035,000
- Geo Method
- $1,235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,050,000
- Retail
- $960,000
- Mixed-Use
- $1,290,000
- Hospitality
- $965,000
- Educational
- $1,125,000
- Residential Income
- $1,330,000
- Energy
- $1,000,000
- Income-Based Land
- $1,010,000
- Food Service
- $1,310,000
Location Insight
- Map
- Local Demand
- City
- Edmonds
- County
- Snohomish
- State
- Washington
- Longitude
- -122.377
- Latitude
- 47.81
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
