7224 204Th StArlington, WA 98223

Property Details for 7224 204Th St

Year built

2021

Construction

WOOD

Lot size

1.47 AC

Property size (Sq ft)

104,336 SF

Zone code

GC

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

769800000600

APU

769800000600

Description

Pilchuck Village offers exceptional retail and office spaces for lease in Arlington, WA. This Class A property, built in 2021, comprises four buildings totaling 8,487 square feet across four stories. Nine individual suites are available, ranging from a minimum of 691 square feet to a maximum contiguous space of 2,803 square feet, perfect for various businesses. The property is zoned for mixed use (MU) and features a convenient location at 7224 204th St NE, Arlington, WA 98223, with excellent visibility on 204th Ave NE. The building offers a "vanilla shell" delivery, with two Type 1 hood capabilities available for restaurant tenants. Its prime location boasts high traffic volume and proximity to major roadways, including Highway 9 and I-5, providing easy access for employees and customers. Nearby amenities include Starbucks, Bartell Drugs, and Safeway, enhancing the property's appeal. The Centennial walking and biking trail is also conveniently located nearby. The property's APN is 00769800000600. This is an excellent opportunity for businesses seeking a modern, well-located space in a thriving community. The property is suitable for coworking, medical office, and creative office uses, as well as retail and restaurant establishments.

• CAP approach

  CAP return

  Valuation

  6%

  $34,897,384

  6.5%

  $32,212,968

  7%

  $29,912,042

• Comparable approach

  Method

  Valuation

  Relative Method

  $49,158,800

  Geo Method

  $31,144,192

• Alternative Use

  Use

  Valuation

  Residential

  $32,212,968

  Hospitality

  $29,506,906

  Educational

  $24,549,400

  Medical

  $25,393,690

  Retail

  $38,187,956

Location Insight

City

Arlington

County

Snohomish

State

Washington

Latitude

48.1806

Longitude

-122.133

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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