3506 168Th St NE Arlington, WA 98223

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.