Pioneer Market Building
Retail | 5.89% CAP | 9,688 SqFt
Marketing description
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.
Investment highlights
Sale Price: $2,800,000
Turn-Key Stabilized Retail Asset
Strong Cash Flow: 5.78% CAP
100% occupied - 3 retail, 1 office
NNN Leases - low mgmt, predictable expenses
Long-Term Tenants, consistent rental history
Proven Stability, low regional vacancy rates
Prime Retail Corridor, High Foot & Vehicle Traffic
Views of Snohomish River & Kla Ha Ya Park
Strong Demographics & Steady Residential Growth
Architectural Landmark - Iconic brick facade
Tourist Destination, Year-Round Visitor Draw
Easy Access - Minutes to HWY 9, SR-522, Everett & Eastside
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