Overview

The Offering

The Snohomish Offering is a 3,300 square foot, single story office/retail building in the heart of downtown Snohomish. Surrounded by boutique retail and local private offices, this offering is ideal for either a user or investor. The building underwent a full renovation in 2008 and offers updated electrical and HVAC systems, as well as a recently resurfaced roof, new security system, fire alarm system, and CAT-5 wiring.

Snohomish maintains a small town feel while offering all the big city amenities. With an abundance of natural areas, sports, farms, and local history, the city is located less than 45 minutes from the city of Seattle and less than 40 minutes from the city of Bellevue. Snohomish’s charming downtown provides its residents, businesses, and tourists a unique pace of life. This property is ideally situated for a either a new owner or a new tenant to capitalize on the rapid expansion and growth of the Puget Sound while maintaining a relaxed pace that only Snohomish offers.

Offering Process

The property is being marketed for sale at $630,000 ($190/SF). Offers may be submitted at any time, however, the ownership reserves the right to call for offers at a later date.

Investment Highlights

  • Located in the middle of Snohomish’s Downtown near numerous retail and restaurant amenities
  • Recent renovations to electrical, HVAC, security, internet, and fire alarm systems
  • High end interior finishes
  • Flexible floor plan offering numerous configurations
  • Small town feel within close proximity to larger Puget Sound hubs

Property Details

Property Summary

Address
108 Union Ave, Snohomish, WA

Parcel # | Locality
005795-005-003-01 | Snohomish County

Site Size
4,356 SF

Frontage
38’ on Union Ave

Parking
3 stalls behind property & street parking

Zoning
HB (Historic Business District)

Building Summary

Total Gross Building Area
3,312 SF

Stories
1 story

Year Built | Renovated
1900 | 2008

Foundation
Concrete slab

Construction
Concrete block

Exterior Walls
Wood & concrete block

Windows
New bay windows; new double pane throughout

Electrical
New 2008 wiring throughout

HVAC
HVAC rooftop units, 2-gas, 1-electric; new vents & thermostats

Roof
Flat, built-up; resurfaced in 2008 with new drains, gutter, and fascia

Amenities
New security system, fire alarm system, and CAT-5 wiring


Location

Snohomish County

With a population pushing 800,000 residents due to significant growth since the end of the 20th century, few places are as strongly positioned for robust business growth and innovation as Snohomish County. A global center of the aerospace industry, in one of the world’s leading hubs of high-tech innovation, the seeds of the next wave of growth engines – from clean energy and biotechnology to composite and advanced technology manufacturing – are rooted here and growing strong.

This innovation doesn’t stop with high-tech industries. Snohomish County has emerged as a regional leader in revitalizing agriculture as a key industry in a rapidly-growing metropolitan region. Home to world-renowned art studios & cultural attractions, spectacular outdoor recreation opportunities, & a strong spirt of entrepreneurship, creativity defines the county.

City of Snohomish

The City of Snohomish has a population of 9,100 and lies between Everett & Seattle, nestled against the Cascade Mountain Range. Snohomish maintains much of its charm as a 19th century agrarian town that connected many of the mining towns to the east with the Puget Sound to the west. A recent wave of tourism & migrants out of Puget Sound has recently helped push the local economy to its highest level. The town has also started to achieve some notoriety as it was recently named one of the top ten coolest small towns in America.

The City of Snohomish is uniquely positioned to meet the needs of new and relocating businesses. The building is close to major industry hubs of biotech, aerospace and Boeing, hi-tech, construction, and medical markets. This charming city offers the space, educated workforce, and transportation connectivity to promote and sustain these industries.

Address

108 Union Avenue, Snohomish, Washington

Demographics 1 Mile 3 Mile 5 Mile
Estimated Population (2016) 6,567 17,242 75,123
Estimated Avg HH Income (2016) $65,779 $81,574 $103,560
Owner-Occupied Median Home Value (2010) $288,546 $319,544 $348,170

Due Diligence

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