3506 168Th St NE Arlington, WA 98223

Property Details for 3506 168Th St NE

Year built

1995

Construction

WOOD

Lot size

0.78 lot acres

Property size

3,562 SF

Zone code

A4

Property type

Banks

APN

31052800204200

APU

31052800204200

Description

This exceptional 3,562 sq ft commercial building in Arlington, WA, presents a unique investment opportunity. Situated on a 0.78-acre lot (33,977 sq ft) in the thriving Smokey Point area, this Class A property boasts a drive-thru, a fully operational bank vault, and ample parking. Built in 2002, the building is currently vacant and offers flexible leasing options for single or multiple tenants at a rate of $22-$24 per sq ft. The property's HC zoning allows for various uses, including bar, pharmacy/drug store, and QSR/fast food. With a current asking price of $1,500,000, a pro-forma NOI of $85,999, and a pro-forma cap rate of 5.73%, this represents a strong return on investment. The property's prime location near Interstate 5 and State Route 531 ensures high visibility and convenient access. The expansive lot offers potential for future development. This is an ideal opportunity for owner-users seeking future redevelopment or investors looking for a strong performing asset in a growing community. The property's modern construction and well-maintained condition minimize immediate renovation needs. Its proximity to the Amazon Fulfillment Center further enhances its appeal. This is a rare opportunity to acquire a versatile and strategically located commercial property in a rapidly expanding area.