23700 Edmonds Way - Medical FOR SALE


Edmonds, WA 98026
$1,350,000 USD
425-712-8949
23700 Edmonds Way, Edmonds, WA for Sale
$1,350,000 USD
Medical - FOR SALE
1/4
null | 6.44% Cap Rate

23700 Edmonds Way
Edmonds, WA 98026


HIGHLIGHTS

  • Multi-tenant medical office is situated on a 11,000 SF lot
  • High-traffic commuter route
  • EDMONDS-BN ZONING - property offers potential for redevelopment as retail or office space with residential units above
  • Property benefits from the City-supported up-zone to Edmonds RM-1.5, allowing for the construction of up to 7 townhomes
  • Many options for this property, new floors and rent ready
  • Opportunity to Lease

OVERVIEW

Prime property located on a high-traffic commuter route north toward the Edmonds-Kingston Ferry,. This 2,500 SF, multi-tenant medical office is situated on a 11,000 SF lot. Zoned Edmonds-BN, the property offers potential for redevelopment as retail or office space with residential units above. Additionally, the property benefits from the City-supported up-zone to Edmonds RM-1.5, allowing for the construction of up to 7 townhomes to meet the growing demand for higher-density housing in the vibrant, waterfront city of Edmonds. An exceptional opportunity for investors and developers looking to capitalize on the area’s growth and potential! Ask about lease opportunity as well.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$540 USD /SF

CAP RATE

6.44%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

New Health Medical Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

BN

APN/PARCEL ID

004633-003-004-02

ASK ABOUT THIS PROPERTY

YJ ChoiFrontier RealtyMore Info
425-712-8949

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YJ ChoiFrontier RealtyMore Info
425-712-8949

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.