22905 56Th AveMountlake Terrace, WA 98043

Property Details for 22905 56Th Ave

Year built

1953

Construction

WOOD

Lot size

0.21 AC

Property size (Sq ft)

2,200 SF

Zone code

P1

Property type

Office properties

Property subtype

Office buildings

APN

521800000200

APU

521800000200

Description

This exceptional 2,200 square foot medical office building presents a prime investment opportunity in Mountlake Terrace, Washington. Located at 22905 56th Ave W, 98043, within the Town Center Revitalization Zone, this single-tenant property enjoys high visibility on a major thoroughfare, ensuring excellent foot and vehicle traffic. Built in 1952 and renovated in 1972, the one-story building offers four spacious, open-concept exam rooms, perfectly suited for a variety of medical uses. Three additional flexible rooms provide further versatility, adaptable to various needs. The property includes seven dedicated parking spaces, supplemented by ample street parking. Pre-installed dental plumbing and electrical systems make this space immediately ready for dental practices or other medical services. The property is situated in Snohomish County and offers a convenient location for patients and staff alike. This standalone building represents a rare opportunity to acquire a well-maintained, functional medical office space in a thriving urban center. The property's location within the revitalization zone suggests strong potential for future appreciation. Seven parking spaces are available on-site.

• CAP approach

  CAP return

  Valuation

  6%

  $595,325

  6.5%

  $549,531

  7%

  $510,279

• Comparable approach

  Method

  Valuation

  Relative Method

  $589,961

  Geo Method

  $423,676

• Alternative Use

  Use

  Valuation

  Residential

  $681,419

  Hospitality

  $624,176

  Educational

  $519,307

  Medical

  $537,167

  Retail

  $807,811

Location Insight

City

Mountlake Terrace

County

Snohomish

State

Washington

Latitude

47.7908

Longitude

-122.308

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].