Description
Exceptional mixed-use investment opportunity in the heart of historic downtown Snohomish. This income-producing property features a well-maintained commercial building offering approximately 2,393 square feet of office space, 1,163 square feet of warehouse space, and 313 square feet of additional storage with convenient rear garage-door access. Above the commercial space are two 900 square foot residential apartments, creating a diverse income stream. The property also includes an updated 1,247-square-foot house originally built in 1910, offering flexibility for continued residential use, office occupancy, or future repositioning. Located on desirable 2nd Street with both street parking and on-site parking available, the property benefits from strong visibility and walkability within downtown Snohomish. Currently fully leased and generating approximately $12,759 per month in rental income, priced at a 6.6% cap rate, this is a rare opportunity to acquire a stabilized mixed-use asset in one of Snohomish County's most sought-after historic downtown districts.
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0BEDS
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0.39ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Listing courtesy of Northwest MLS as distributed by MLS GRID. Listing courtesy of Dave Nelson Real Estate.
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Description
Exceptional mixed-use investment opportunity in the heart of historic downtown Snohomish. This income-producing property features a well-maintained commercial building offering approximately 2,393 square feet of office space, 1,163 square feet of warehouse space, and 313 square feet of additional storage with convenient rear garage-door access. Above the commercial space are two 900 square foot residential apartments, creating a diverse income stream. The property also includes an updated 1,247-square-foot house originally built in 1910, offering flexibility for continued residential use, office occupancy, or future repositioning. Located on desirable 2nd Street with both street parking and on-site parking available, the property benefits from strong visibility and walkability within downtown Snohomish. Currently fully leased and generating approximately $12,759 per month in rental income, priced at a 6.6% cap rate, this is a rare opportunity to acquire a stabilized mixed-use asset in one of Snohomish County's most sought-after historic downtown districts.
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