3131 Smokey Point Dr Arlington, WA 98223
For Lease
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This exceptional investment opportunity presents a multi-tenant retail and office complex in Arlington, Washington's thriving Smokey Point area. The property, known as Smokey Point Shopping Center, comprises two buildings totaling 87,101 square feet situated on a substantial 287,060 square foot lot. Built in 1978, the center boasts 300 parking spaces, ensuring ample convenience for tenants and customers. Currently, there are multiple tenants occupying the space, with two available units ranging from 1,800 to 6,237 square feet, ideal for a variety of businesses. The property's zoning is HC, and its location at 3131 & 17306 Smokey Point Drive, Arlington, WA 98223, places it in a high-traffic area, benefiting from strong visibility and accessibility. The center is strategically positioned alongside successful businesses such as Pursuit Fitness, Asgard Massage, and DriveBar Virtual Golf, creating a synergistic environment. The property's multiple building configuration and flexible space options provide significant potential for diverse tenant occupancy and revenue streams. The property's APN numbers are 00645300000300, 00645300000700, 00645300000801, 00645300000900, 00645300001000, and 31052000400500, located in Snohomish County. This well-established center offers a compelling investment opportunity with strong potential for future growth and profitability. The property's diverse subtype designations, including Executive Office, Medical Office, and Flex space, further enhance its versatility and appeal to a wide range of potential tenants.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
HC · Arlington, WAArlington. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.