23416 Highway 99Edmonds, WA 98026

Property Details for 23416 Highway 99

Year built

1975

Construction

WOOD

Lot size

0.37 AC

Property size (Sq ft)

5,168 SF

Zone code

E2

Property type

Office properties

Property subtype

Office buildings

APN

576700002803

APU

576700002803

Description

This exceptional Edmonds office building, located at 23416 Hwy 99, offers a fantastic opportunity for businesses seeking a versatile and accessible workspace. The property boasts a total of 5,168 square feet across two stories, situated on a 0.37-acre lot in Snohomish County, WA (zip code 98026). Currently zoned CG, this Class C building was constructed in 1975 and features a single building with ample parking for 30 vehicles. While there are no elevators, the building's design ensures convenient access, particularly to the 1,250 square foot suite currently available on the first floor. This suite provides a functional and flexible layout, ideal for various professional uses, including traditional office and medical office settings. Its location on Highway 99 offers excellent visibility and convenient access to major transportation routes and public transportation. The building's multiple tenancy structure provides a diverse and vibrant business environment. The available space presents a chance for customization, allowing businesses to tailor the layout to their specific needs. This is an excellent opportunity to establish or expand a business in a highly accessible and desirable location in Edmonds, Washington.

• CAP approach

  CAP return

  Valuation

  6%

  $1,393,990

  6.5%

  $1,286,760

  7%

  $1,194,848

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,570,934

  Geo Method

  $995,253

• Alternative Use

  Use

  Valuation

  Residential

  $1,595,582

  Hospitality

  $1,461,544

  Educational

  $1,215,988

  Medical

  $1,257,807

  Retail

  $1,891,536

Location Insight

City

Edmonds

County

Snohomish

State

Washington

Latitude

47.7866

Longitude

-122.342

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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