3909 172nd St NE - 172nd Retail Pad
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3909 172nd St NE - 172nd Retail Pad
1.25 Acres of Commercial Land Offered at $2,400,000 in Arlington, WA 98223
Investment Highlights
- The pad site is situated along 172nd St NE with traffic counts upwards of 25,000 VPD
- Arlington is growing nearly 2% annually and its population has grown nearly 8% since the 2020 census
- 15 properties have been constructed within a 1-mile radius over the last 3 years including Everett Clinic adjacent to the property
- Arlington is strategically located between Vancouver BC and Seattle
- The city is planning for higher density housing to accommodate growth and plans to develop roughly 90 acres of vacant airport land
- Over 1,000 multi-family units have been constructed within a 1-mile radius of the property over the last 5 years
Executive Summary
The offering provides an opportunity to acquire or lease a vacant parcel on 172nd St NE, the dominant retail node in Arlington, WA. The parcel is adjacent to a brand-new medical facility and Cedar Pointe Apartments. All frontage improvements are complete including sidewalks and curb cuts.
Property Facts
| Price | $2,400,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.25 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $2,400,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.25 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $2,400,000 | Lot Size | 1.25 AC |
| Price Per AC | $1,920,000 |
| Price | $2,400,000 |
| Price Per AC | $1,920,000 |
| Lot Size | 1.25 AC |
1 of 1
zoning
| Zoning Code | Highway Commercial HC |
| Highway Commercial HC |
-
Paul Sleeth -
Billy Sleeth -
Newmark
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3909 172nd St NE - 172nd Retail Pad
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