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23631 Edmonds Way

1,670 SF Industrial Building Edmonds, WA 98026 $1,100,000 ($659/SF)

Investment Highlights

  • Close to major transit - I-5, LightRail, Hwy 99, Hwy 104
  • Easy to retrofit existing 1,670 finished sq ft bldg for use
  • Level lot

Executive Summary

Rare opportunity to own a business/commercial building or development site in the highly sought after City of Edmonds, located on SR 104/Edmonds Way. Property features easy access to I-5, Hwy 99/Aurora, downtown Edmonds, Edmonds/Kingston ferry, mass transit, new LightRail, shopping, & more. Zoned BC, there are many opportunities including up-zoning to BC-EW for mixed use retail & multi-family or RM-1.5 for multi-family and single family development for up to 9+ units on this level site. Occupy or rent out the existing 1,670 finished sq ft bldg w/ADA entry, high ceilings, multiple offices, kitchenette, bath, retail & storage space, and garage until you are ready to develop. 3 owned surface parking spaces, deep load/unload zone in front of high clearance garage, and commercial parking available on side and in back of property for multiple large or high clearance vehicles/trucks. Great opportunity when so little level developable land is available in Edmonds.
Please book showing appt via ShowingTime in the NWMLS. Supra keybox on for access, if needed contractor box can be arranged, call 206-240-5193 for code.

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,100,000
Price Per SF $659
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Storefront Retail/Office
  • Showroom
  • Office Industrial Live Work Unit
Building Class B
Lot Size 0.33 AC
Rentable Building Area 1,670 SF
No. Stories 1
Year Built 1961
Tenancy Single
Parking Ratio 1.8/1,000 SF
No. Drive In / Grade-Level Doors 1

Amenities

  • 24 Hour Access
  • Courtyard
  • Smoke Detector

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
004633-003-003-00
Land Assessment
$563,900
Improvements Assessment
$155,100
Total Assessment
$719,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024

zoning

Zoning Code BC (Zoned BC. Upzone to BC-EW for mixed use retail & multi-family or RM-1.5 for multi-family for highest & best use.)
BC (Zoned BC. Upzone to BC-EW for mixed use retail & multi-family or RM-1.5 for multi-family for highest & best use.)
  • Listing ID: 33933515

  • Date on Market: 11/20/2024

  • Last Updated:

  • Address: 23631 Edmonds Way, Edmonds, WA 98026

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