120 Cedar Ave
Snohomish, WA 98290
Office Property For Sale

The Cedar House Amidst all the chaos there are still great deals out there! 7.5% Cap rate! Highest return you’re going to find on the market! The Cedar House was completely remodeled in 2018. Everything down to the studs. Roof, wiring, plumbing, windows, kitchen, flooring, cabinets, bathrooms and heating & AC units. This may as well be new construction in the Heart of Historic Downtown Snohomish WA. Situated on a 7,405-sf ft corner lot with a 14-stall off street parking lot and composed of 5 thriving businesses that have been leased since completion in late 2018. The parking lot is definitely a value-added opportunity. You can expand the current building’s footprint, build new or create a pay-for-parking lot that will produce passive income in a much-needed area. The Cedar House comprises 2 Professional Counselors, Bay Equity Mortgage Company, Saguaro Hair Studio and Microblading by Britt. All tenants are on 1-year leases with annual increases possible. This is a great opportunity to own a beautifully restored historic building one block from 1st Street. 1st Street runs along the banks of the Snohomish River and is well known for all its antique shops, bars, coffee shops and eateries. A very touristy area that people come from miles around to experience.