Property Details
1118 1st Street
Snohomish, WA 98290
$2,750,000
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Property Overview
An exceptional investment opportunity, this 100% leased, four-tenant NNN property delivers strong cash flow and stable income in the heart of historic downtown Snohomish. The iconic Pioneer Market Building, built in 1888 as the town’s first three-story structure, stands as a beautifully preserved brick landmark and centerpiece of heritage and charm. Perfectly positioned on bustling 1st Street among boutiques, antique shops, and popular dining spots, it offers sweeping views of the Snohomish River and Kla Ha Ya Park. A rare chance to own a timeless piece of Snohomish history with proven NNN income and enduring value.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
Snohomish
Neighborhood
In Town – Snohomish
Listed
Oct 10, 2025
Original Price
$2,800,000
Parcel Number
00579500701505
Tax & HOA
Annual Property Tax
$21,373 (2025)
Est. Monthly Tax
$1,781/mo
Financial Summary
Cap Rate
5.78%
Net Operating Income
$161,886
Gross Scheduled Income
$236,310
Gross Rent Multiplier
11.85
Total Expenses
$67,335
Total Actual Rent
$14,030/mo
Monthly NNN
$5,662/mo
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
9,688
Total Units
4
Sq Ft Rented
9,288
Zoning
Commercial
Possible Use
Commercial
Lot Size
3,049 sqft
Year Built
1888
Exterior & Lot
Lot Size
0.07 sqft
Year Built
1888
Exterior Materials
Brick
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Brick
Community & Access
Directions
From WA-9 North, left on Airport Way, Right on 1st Street, 1118 1st St on the left.
Location
City
Snohomish
County
Snohomish
Coordinates
47.91152, -122.09682
Additional Information
Tax Year
2025
Annual Taxes
$21,373
Possession
Array
Based on information submitted to the MLS GRID as of June 4, 2026 7:30 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
