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3506 168th St NE

3,562 SF Vacant Retail Building Arlington, WA 98223 $1,500,000 ($421/SF)

Executive Summary

This is an excellent opportunity to secure a well maintained stand-alone building in fast-growing Smokey Point! At 3,562 sqft this large open-concept layout would be great for a variety of uses. Restaurant, retail, professional, medical, health and wellness, and daycare are some of the potential options. The property is available for sale or for lease. Lease terms considered are: $22-24/sqft base, plus NNN, with a 5-15 year term. With a large and level 33,907 lot, the property offers easy access and high visibility. Some additional features include over 140 of frontage along the main Smokey Point Blvd arterial, a built-in drive-through, and plenty of parking. The North I-5 corridor is a fast growing market, with Amazon’s new PAE2 Fulfillment Center only minutes away. All lease and purchase offers are subject to owner’s discretion. Tours available by appointment.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
3,562 SF
Building Class
B
Year Built
1995
Price
$1,500,000
Price Per SF
$421
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.10
Land Acres
0.78 AC
Opportunity Zone
Yes
Zoning
CC - COMMERCIAL CORE DISTRICT
Parking
24 Spaces (6.74 Spaces per 1,000 SF Leased)
Frontage
320 FT on 168th Street Northeast

Nearby Major Retailers

IHOP
United Rentals-equipment & Tool Rentals
Turtle Bay
Safeway
U.S. Bank
Starbucks
TacoTime
Keybank
Chase Bank
Buffalo Wild Wings

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
310528-002-042-00
Land Assessment
$810,200
Improvements Assessment
$623,800
Total Assessment
$1,434,000
  • Listing ID: 32821750

  • Date on Market: 8/15/2024

  • Last Updated:

  • Address: 3506 168th St NE, Arlington, WA 98223

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