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Pioneer Market Building 1118 1st St 9,688 SF 100% Leased Retail Building Snohomish, WA 98290 $3,908,576 CAD ($403.45 CAD/SF) 5.78% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy Foot & Vehicle Traffic
- 100% Leased NNN Asset
- Tourist Shopping Corridor
EXECUTIVE SUMMARY
A rare investment opportunity in the heart of historic downtown Snohomish, this 100% leased, four-tenant NNN property delivers strong cash flow, stable income, and enduring appeal. The iconic Pioneer Market Building, built in 1888 as the town’s first three-story structure, stands as a beautifully preserved brick landmark and a proud centerpiece of Snohomish heritage.
Perfectly positioned on bustling 1st Street, the property is surrounded by thriving boutiques, antique shops, and popular dining destinations that attract steady local and tourist traffic year-round. From its upper floors, enjoy sweeping views of the Snohomish River and Kla Ha Ya Park, enhancing its timeless character and charm.
With a diversified tenant mix of three retail spaces and one office suite, the building combines architectural distinction with dependable income performance. A cornerstone of downtown Snohomish, this property represents a rare chance to own a piece of history while securing a proven, income-producing asset for generations to come.
Perfectly positioned on bustling 1st Street, the property is surrounded by thriving boutiques, antique shops, and popular dining destinations that attract steady local and tourist traffic year-round. From its upper floors, enjoy sweeping views of the Snohomish River and Kla Ha Ya Park, enhancing its timeless character and charm.
With a diversified tenant mix of three retail spaces and one office suite, the building combines architectural distinction with dependable income performance. A cornerstone of downtown Snohomish, this property represents a rare chance to own a piece of history while securing a proven, income-producing asset for generations to come.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,688 SF
Building Class
B
Year Built/Renovated
1888/2012
Price
$3,908,576 CAD
Price Per SF
$403.45 CAD
Cap Rate
5.78%
NOI
$225,980 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.18
Lot Size
0.07 AC
Zoning
HB
Frontage
29’ on 1st St
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 005795-007-015-05 | Improvements Assessment | $2,571,548 CAD |
| Land Assessment | $504,433 CAD | Total Assessment | $3,075,980 CAD |
PROPERTY TAXES
Parcel Number
005795-007-015-05
Land Assessment
$504,433 CAD
Improvements Assessment
$2,571,548 CAD
Total Assessment
$3,075,980 CAD
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Pioneer Market Building | 1118 1st St
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