1118 1st Street, Snohomish, WA 98290
- $2,750,000
Listing courtesy of COMPASS.
- List Price
- $2,750,000
- Status
- ACTIVE
- MLS#
- 2443759
- Price Change
- ▼ $50,000 1780617565
- Days on Market
- 276
- Annual Tax Ammount
- 21373
Property Description
An exceptional investment opportunity, this 100% leased, four-tenant NNN property delivers strong cash flow and stable income in the heart of historic downtown Snohomish. The iconic Pioneer Market Building, built in 1888 as the town’s first three-story structure, stands as a beautifully preserved brick landmark and centerpiece of heritage and charm. Perfectly positioned on bustling 1st Street among boutiques, antique shops, and popular dining spots, it offers sweeping views of the Snohomish River and Kla Ha Ya Park. A rare chance to own a timeless piece of Snohomish history with proven NNN income and enduring value.
Additional Information
- Community
- In Town - Snohomish
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1888
- Roof
- Torch Down
- Tax Year
- 2025
- Potential Terms
- Cash, Conventional
- Driving Directions
- From WA-9 North, left on Airport Way, Right on 1st Street, 1118 1st St on the left.
- Electric Expenses
- 3167
- Other Expenses
- 28961
- Net Operating Income
- $161,886
- Gross Adjusted Income
- $229,220
- Gross Scheduled Income
- $236,310
- Water/Sewer/Garbage Expenses
- $3,167
- Cap Rate
- 5.78
- Vacancy Rate
- 3
- Total Expenses
- $67,335
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.