902 Maple StArlington, WA 98223

Property Details for 902 Maple St

Year built

1959

Construction

WOOD

Lot size

0.25 AC

Property size (Sq ft)

2,930 SF

Zone code

14

Property type

Healthcare properties

Property subtype

Medical offices

APN

496200000100

APU

496200000100

Description

This exceptional 0.46-acre commercial property at 902 E Maple Street in Arlington, WA, presents a unique investment opportunity. Priced at $900,000, this versatile building offers a wide range of potential uses, including government offices, healthcare facilities, research and development, technology companies, nursing care, specialized childcare, medical practices, dental offices, and massage therapy businesses. Its strategic location near Cascade Valley Hospital and downtown Arlington places it within a rapidly expanding business and residential area. The property boasts significant internal space, featuring ten offices, five bathrooms, an employee kitchen, and ample storage and lab areas. A key advantage is the potential for multiple occupants or tenants, each with private entrances and bathrooms. Recent renovations include new paint, flooring, lighting, and trim, enhancing the property's appeal. Abundant parking is available on-site. The sale includes an existing sign. The property is available for sale or lease. Lease terms are negotiable, with a base rent of $25 per square foot, plus NNN charges. The owner is open to considering strong offers. This property represents a compelling opportunity to acquire a well-maintained, versatile commercial building in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $790,323

  6.5%

  $729,529

  7%

  $677,420

• Comparable approach

  Method

  Valuation

  Relative Method

  $890,642

  Geo Method

  $564,259

• Alternative Use

  Use

  Valuation

  Residential

  $904,616

  Hospitality

  $828,623

  Educational

  $689,405

  Medical

  $713,114

  Retail

  $1,072,408

Location Insight

City

Arlington

County

Snohomish

State

Washington

Latitude

48.1902

Longitude

-122.117

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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