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23106 100th Ave W 3,840 SF 100% Leased Office Building Edmonds, WA 98020 $1,975,000 ($514.32/SF)



Investment Highlights
- Vacant office building available for immediate owner-user occupancy.
- Convenient access to Highway 99, Interstate 5, and Edmonds Ferry routes.
- Office and residential components provide diversified income potential.
- Occupied duplex provides income from day one.
- Ample on-site parking supports office operations and visitors.
- Established Edmonds location near retail, restaurants, and services.
Executive Summary
This offering presents a rare opportunity to acquire an owner-user office property combined with an income-producing duplex in Edmonds, Washington. The property includes a vacant office building at 23106 100th Ave W and an occupied duplex at 23102-23104 100th Ave W, creating an attractive blend of operational control and existing rental income. The office building is available for immediate occupancy, allowing a business owner to establish a long-term location while benefiting from the property's investment characteristics.
Located within the Edmonds Westgate area, the property enjoys visibility along 100th Avenue West and convenient access to major regional transportation routes including Highway 99, Interstate 5, and the Edmonds Ferry. Nearby retail, restaurants, services, and neighborhood amenities contribute to the area's appeal for both businesses and residents. The combination of office and residential uses creates diversification within a single acquisition while providing flexibility for a variety of ownership strategies.
The duplex generates in-place income from two occupied residential units, helping offset ownership costs from the outset. The office component offers an alternative to leasing, allowing an owner-user to build equity through ownership while maintaining control over occupancy decisions. The site's ample parking, multiple structures, and substantial land area further enhance functionality and long-term usability.
With limited owner-user inventory available in many established North Puget Sound submarkets, this offering provides the opportunity to secure a business location while benefiting from an existing residential income stream and future appreciation potential in a well-established Edmonds community.
Located within the Edmonds Westgate area, the property enjoys visibility along 100th Avenue West and convenient access to major regional transportation routes including Highway 99, Interstate 5, and the Edmonds Ferry. Nearby retail, restaurants, services, and neighborhood amenities contribute to the area's appeal for both businesses and residents. The combination of office and residential uses creates diversification within a single acquisition while providing flexibility for a variety of ownership strategies.
The duplex generates in-place income from two occupied residential units, helping offset ownership costs from the outset. The office component offers an alternative to leasing, allowing an owner-user to build equity through ownership while maintaining control over occupancy decisions. The site's ample parking, multiple structures, and substantial land area further enhance functionality and long-term usability.
With limited owner-user inventory available in many established North Puget Sound submarkets, this offering provides the opportunity to secure a business location while benefiting from an existing residential income stream and future appreciation potential in a well-established Edmonds community.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,840 SF
Building Class
C
Year Built
1960
Price
$1,975,000
Price Per SF
$514.32
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,200 SF
Building FAR
0.09
Lot Size
1.00 AC
Zoning
BN
Parking
5 Spaces (2.27 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $576,000 | |
| Land Assessment | $997,000 | Total Assessment | $1,573,000 |
Property Taxes
Parcel Numbers
Land Assessment
$997,000
Improvements Assessment
$576,000
Total Assessment
$1,573,000
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Contact the Sale Advisor
23106 100th Ave W
