snohomish feather ballroom exclusively marketed by · the modern amenities necessary for a...
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Snohomish Feather Ballroom801 1st Street, Snohomish, WA
Exclusively marketed by:
Kelly Gaddis+1 206 332 [email protected]
Jeff Tillman+1 206 332 [email protected]
1OPPORTUNITY HIGHLIGHTS 2PROPERTY
SUMMARY 4LOCATION OVERVIEW3TENANT
SUMMARY 5OFFERING TERMS
1OPPORTUNITY HIGHLIGHTS
The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Seattle\Offering Memorandums\801 1st Street - KG JT
Bellevue | Seattle | Tacomanai-psp.com
Page 4
Section 1
O
pp
ortun
ity High
lights
Opportunity HighlightsNAI Puget Sound Properties is pleased to offer for sale the
Snohomish Feather Ballroom building located at 801 First
Street in Snohomish, Washington. This is an investment
or owner user opportunity with upside potential.
» Stable Market with low vacancy, low inventory and
low turnover
» Strong local economy with great tourism numbers
» Desirable First Street location in Historic Downtown
shopping district
» Parking lease with adjacent property owner
» Adjacent City granted easement benefiting sale
property
» Destination tourism
2PROPERTY SUMMARY
The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Seattle\Offering Memorandums\801 1st Street - KG JT
Bellevue | Seattle | Tacomanai-psp.com
Page 6
Section 2
P
roperty Su
mm
ary
Property SummaryThis is a one of a kind historically dedicated building,
meticulously restored while bringing the infrastructure
and technology up to 21st century standards. Built in
1906, this unique treasure offers upside potential as an
owner occupied opportunity or investment property in
downtown Snohomish.
ADDRESS801 1st Street
Snohomish, WA 98290
OFFERING PRICE $3,850,000
PRICE PER SF $288
BUILDING SIZE 17,645 SF
YEAR BUILT 1906
LAND SIZE 6,098 SF
INVESTMENT RETURNS Call Listing Agents
3TENANT SUMMARY
The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Seattle\Offering Memorandums\801 1st Street - KG JT
Bellevue | Seattle | Tacomanai-psp.com
Page 8
Section 3
T
enan
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Tenant SummaryThe Feather Ballroom Event Venue
A grand ballroom, originally built by the Fraternal Order of
Eagles, the building opened in 1906. The elegant ballroom is a
popular destination for special events and celebrations with
the modern amenities necessary for a world-class wedding and event
venue.
The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Seattle\Offering Memorandums\801 1st Street - KG JT
Bellevue | Seattle | Tacomanai-psp.com
Page 9
Section 3
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Tenant SummaryThe Looking Glass Coffee
A unique coffee shop with a living room feel offering coffee and
espresso, pastries, hot fresh mini-donuts, beer, wine and cider.
A cozy gathering spot for friends or family and a great place to
get some work done.
The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Seattle\Offering Memorandums\801 1st Street - KG JT
Bellevue | Seattle | Tacomanai-psp.com
Page 10
Section 3
T
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Tenant SummaryBlanc and Rouge
Blanc & Rouge offers wines from around the world, plus a
large assortment from the West Coast. A highly trained and
knowledgeable staff can guide you through tasting events,
hands-on wine classes, winery tours and private parties. In
addition, they offer a full array of gifts and gadgets, meats and cheeses,
and gourmet treats and chocolates to compliment your selection.
The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Seattle\Offering Memorandums\801 1st Street - KG JT
Bellevue | Seattle | Tacomanai-psp.com
Page 11
Section 3
T
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Tenant SummaryTop-It-Yogurt
Always offering 12 flavors of frozen yogurt, freshly made
with an assortment of toppings. A huge hit with local families and
tourists alike.
The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Seattle\Offering Memorandums\801 1st Street - KG JT
Bellevue | Seattle | Tacomanai-psp.com
Page 12
Section 3
T
enan
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Tenant SummaryBramble Home Store
A local showroom for fine craftsmen made furniture and
accessories. This lower level unit was originally built out as a
restaurant with ADA accessibility, wine cellar and hood shaft, plans
for a dumbwaiter to the ballroom and plans for an outdoor walk-in
pad on the adjacent property easement.
4LOCATION OVERVIEW
The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Seattle\Offering Memorandums\801 1st Street - KG JT
Bellevue | Seattle | Tacomanai-psp.com
Page 14
Section 4
L
ocation O
verview
Location Overview Snohomish
Tucked between the Cascades and the Salish Sea and at the
confluence of the Pilchuck and Snohomish Rivers, the City of
Snohomish is the oldest and best preserved town in “Seattle
North Country”.
The city’s historic district boasts many beautiful Victorian and Arts
& Crafts-era homes built around the turn of the century. Historic
Downtown Snohomish has become a tourist destination that
offers year round activities for all ages and seekers of antiques,
galleries, artisan shops, cozy restaurants, tasting rooms for local
wineries, breweries & distilleries.
In addition to the historic downtown shopping district, the fertile
valley is home to a number of other attractions including:
Hot Air Balloon Adventures and Sky Diving
U-Pick Farms, Pumpkin Patches, and Agritourism
Fishing Hiking
Commercial Agriculture Event Venues
The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Seattle\Offering Memorandums\801 1st Street - KG JT
Bellevue | Seattle | Tacomanai-psp.com
Page 15
Section 4
L
ocation O
verview
Location Overview Drive TimesDrive Time
Source: ©2019 Esri.
September 20, 2019
©2019 Esri Page 1 of 1
Seattle46 minutes 32 miles
Redmond41 minutes 24 miles Anacortes70 minutes
61 miles
Mount Vernon50 minutes 41 miles
Bellingham46 minutes 32 miles
Woodinville24 minutes 13 miles
Bellevue40 minutes 24 miles
30 minutes
45 minutes
60 minutes
The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Seattle\Offering Memorandums\801 1st Street - KG JT
Bellevue | Seattle | Tacomanai-psp.com
Page 16
Section 4
L
ocation O
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Area Map Downtown Snohomish
P Parking
FB Food and Beverage
S Shopping
P
P
P
P
SFB
S
S FB S SSFB
FB
FBFB
FB
FB
S
P
S FB FB
FBFBFB
FB
S SFB
FB
The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Seattle\Offering Memorandums\801 1st Street - KG JT
Bellevue | Seattle | Tacomanai-psp.com
Page 17
Section 4
L
ocation O
verview
Area Map Snohomish Event Venues and Attractions
1. Feather Ballroom
2. Waltz Building
3. Athenia Ballroom
4. Belle Chapel
5. Lord Hill Farms
6. Antique Rose Farm
7. Balloon Depot - Hot Air Balloon Rides
8. Harvey Airfield
9. Bellfire Stables
10. Craven Farm
11. Countryman Bed and Breakfast
12. The Farm at Swans Trail
13. Hagen Family Farm
14. Stocker Farms
15. Bob’s Corn and Pumpkin Farm
16. Winsome Bed and Breakfast
17. Dairyland
18. Hidden Meadows
19. French Creek
20. Woodland Meadow Farms
21. Crossroads
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78
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1718
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The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Seattle\Offering Memorandums\801 1st Street - KG JT
Bellevue | Seattle | Tacomanai-psp.com
Page 18
Section 4
L
ocation O
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Demographics Map801 1st Street
Source: ©2019 Esri.
September 20, 2019
©2019 Esri Page 1 of 1
5,373Population
$85,439Avg HH Income
39.1Median Age
41.5Median Age
17,815Population
$106,141Avg HH Income
38.9Median Age
81,175Population
$126,345Avg HH Income
5OFFERING TERMS
The information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied, as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses, and building area. CONSULT YOUR ATTORNEY, ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR. 2019\Seattle\Offering Memorandums\801 1st Street - KG JT
Bellevue | Seattle | Tacomanai-psp.com
Page 20
Section 5
O
ffering T
erms
Offering Terms and ProceduresTerms of Sale
The Property is being offered “as is”, “where is” and subject to all faults. Seller makes no representation or warranty with respect
thereto. Buyer acknowledges that buyer is not relying on any representation or warranty of Seller or of any agent or representative
of Seller. All information furnished regarding property for sale is from sources deemed reliable, but no warranty or representation
is made as to the accuracy thereof including area measurements and the same is subject to errors, omissions, changes of prices,
rental or other conditions, prior sale or withdrawal without notice.
No Contact with Seller
All contact with seller shall be conducted through listing agents with prior written approval.
Offering Procedure
NAI Puget Sound Properties hereby solicits offers to purchase the Feather Ballroom located at 801 1st Street, Snohomish, WA.
Owner shall consider all offers to purchase the property as seller receives such offers. Inquiries concerning the procedures outlined
in this Offering Memorandum shall be directed to:
Kelly Gaddis
+1 206 332 1470
Jeff Tillman
+1 206 332 1473
Exclusively marketed by:
Kelly Gaddis+1 206 332 1470
Jeff Tillman+1 206 332 1473