525 5th Avenue S, Edmonds, WA 98020
- $1,495,000
Listing courtesy of Champions Real Estate Services.
- List Price
- $1,495,000
- Status
- ACTIVE
- MLS#
- 1950291
- Days on Market
- 238
Property Description
Modern mixed-use commercial condo sector on street with main level for sale. Entire building with $1M exterior renovations. New (2019): Hardy plank siding, exterior paint, roof, gutter system and windows. Building in very good condition with high end condos above. In Edmonds' Bowl main arterial across from Ace Hardware Shopping Center/Bus stop. Easy street access with good street parking and parking lot. View of creek with 3 sides with (N, S & W) windows! Abundance of large display windows/doors, recessed lighting, tile lobby double door entry, granite reception counter, natural light, built in workspaces, large conference room, offices, bathrooms, elevator to rear parking lot. Seller financing possible with large down payment/credentials.
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Additional Information
- Community
- Edmonds Bowl
- Building Condition
- Very Good
- Style
- 73 - Office
- Year Built
- 1995
- # of Assigned Spaces
- 6
- Roof
- See Remarks, Torch Down
- Tax Year
- 2021
- HOA Dues
- $1,125
- Potential Terms
- Cash Out, Conventional, Owner Financing
- Interior Features
- Forced Air, Ceramic Tile, Wall to Wall Carpet
- Flooring
- Ceramic Tile, Vinyl, Carpet
- Driving Directions
- From I-5 at Exit 177 or Hwy 99, take SR 104 West (244th SW/Edmonds Way) to downtown Edmonds. Stay in left lane which turns into 5th Ave S. On right side of street across from Ace Hardware.
- Heating/Cooling Type
- Forced Air
- Electric Expenses
- 3600
- Other Expenses
- 13500
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $74,983
- Gross Adjusted Income
- $98,288
- Gross Scheduled Income
- $98,952
- Cap Rate
- 5
- Total Expenses
- $24,046
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