8620 172nd Street NE, Arlington, WA 98223

$1,500,000

Listing courtesy of Windermere Real Estate JS. Selling Office: Windermere Real Estate JS.

Sold Price
$1,500,000
List Price
$1,875,000
Status
SOLD
MLS#
1081206
Closing Date
Aug 30, 2017
Days on Market
108
Annual Tax Ammount
10601

Property Description

Commercial Building on 3.17 Acres. Tenant is the established Norpoint Shooting Center Indoor Range. Within the city limits of Arlington. Very busy with clientele including Law enforcement frequenting the establishment for practice. Inside the building are Retail Sales along with Meeting and Training Rooms for classes. Excellent Tenant. Includes an adjoining 19.53 Acres city of Arlington and another adjoining 20 Acres of unimproved land just south snohomish county.

Additional Information

Community
Arlington
Building Condition
Very Good
Style
61 - Comm Bldg Ovr 10K
Year Built
2001
Roof
Metal
Tax Year
2017
Potential Terms
Cash Out, Conventional
Interior Features
Heat Pump, Concrete
Flooring
Concrete
Driving Directions
From I-5 take the Smokey Point Exit head East for a few miles towards highway 9. Location is prior to HWY 9 on the right. From Hwy 9 Turn West on 172nd and the location is on the left.
Net Operating Income
$139,398
Gross Adjusted Income
$139,398
Gross Scheduled Income
$150,000
Cap Rate
7.5
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