For Sale
$1,450,000

23700 Edmonds WayEdmonds, WA 98026

High-traffic location, redevelopment potential.

Overview

Added:
Feb 3
Days on market:
58
This exceptional 2,500 square foot medical office building presents a unique investment opportunity in the thriving city of Edmonds, Washington. Located on a highly visible 11,000 square foot lot at 23700 Edmonds Way, this property enjoys a prime position on a major commuter route leading to the Edmonds-Kingston Ferry. Currently zoned Edmonds-BN, the property offers significant flexibility for future development. The City of Edmonds has approved an up-zone to Edmonds RM-1.5, unlocking the potential to construct up to seven townhomes, capitalizing on the area's strong demand for residential housing. The existing building, featuring new flooring and ready for immediate occupancy, can be utilized as a medical office, leased for other commercial purposes, or even converted for single-family residential use. This versatility makes it an ideal asset for investors and developers seeking to leverage the area's growth trajectory. The high-traffic location ensures excellent visibility and accessibility, while the up-zoning provides significant upside potential. This is a rare opportunity to acquire a property with multiple development pathways in a desirable waterfront community. The property is priced at $1,450,000.

Property Details for 23700 Edmonds Way

Property type
Year Built
1954

Location Insight

City
Edmonds
County
Snohomish
State
Washington
Latitude
47.78427
Longitude
-122.3535
23700 Edmonds Way, Edmonds, Washington

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23700 Edmonds Way
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