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611 Main

Westlake Associates Inc. is pleased to present the opportunity to purchase 611 Main Street in downtown Edmonds. 611 Main Street is a 100% occupied office building located in the Edmonds Bowl near the corner of Main Street and 6th Avenue. The building has 8 commercial suites, all occupied, and 6 storage units, 3 of which are rented. The average commercial suite is only 437 square feet, providing income that is resistant to large fluctuations, and making offices easier and cheaper to re-rent, if needed. Current rents are below market. A new owner could raise rents at lease expiration, or hold the property until the last lease expires 7/31/2022 then and occupy the building for their business.

Address

611 Main St
Edmonds, WA 98020

Type

Office

Status

Sold

Price

$ 1,350,000

Cap Rate

4.38%

Available SF

5,058 SF

Price Per SF

$ 266.90

Land Area

6,534 SF

Year Built

1948

Broker contact information