Property profile

113 5th S Ave Edmonds, WA 98020

OFF-MARKET
Bars & Pubs
Property ID
US90-1363369
1,904 SF 0.07 ac lot Built 1929
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1929
Construction TYPE NOT SPECIFIED
Total area 1,904 SF
Lot 0.07 ac (3,049 SF)
Zoning code E0
APN 434212003800
UPID US90-1363369

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nightclub Bar & Pub
  • Bar & Pub

Location

113 5th S Ave Edmonds, WA 98020-3423
Edmonds metro Census 50501 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.10M

Owner & transaction history

since 2024
Last sale
$1.1M
4 recorded transactions
2024
$1.1M
2022
Price N/A
2021
Price N/A
2005
Price N/A

Zoning & alternative use

E0 · Edmonds, WA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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