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Snohomish Feather Ballroom 801 1st Street, Snohomish, WA Exclusively marketed by: Kelly Gaddis +1 206 332 1470 [email protected] Jeff Tillman +1 206 332 1473 [email protected]

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Page 1: Snohomish Feather Ballroom Exclusively marketed by · the modern amenities necessary for a world-class wedding and event venue. ... Snohomish is the oldest and best preserved town

Snohomish Feather Ballroom801 1st Street, Snohomish, WA

Exclusively marketed by:

Kelly Gaddis+1 206 332 [email protected]

Jeff Tillman+1 206 332 [email protected]

Page 2: Snohomish Feather Ballroom Exclusively marketed by · the modern amenities necessary for a world-class wedding and event venue. ... Snohomish is the oldest and best preserved town

1OPPORTUNITY HIGHLIGHTS 2PROPERTY

SUMMARY 4LOCATION OVERVIEW3TENANT

SUMMARY 5OFFERING TERMS

Page 3: Snohomish Feather Ballroom Exclusively marketed by · the modern amenities necessary for a world-class wedding and event venue. ... Snohomish is the oldest and best preserved town

1OPPORTUNITY HIGHLIGHTS

Page 4: Snohomish Feather Ballroom Exclusively marketed by · the modern amenities necessary for a world-class wedding and event venue. ... Snohomish is the oldest and best preserved town

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

Page 5: Snohomish Feather Ballroom Exclusively marketed by · the modern amenities necessary for a world-class wedding and event venue. ... Snohomish is the oldest and best preserved town

2PROPERTY SUMMARY

Page 6: Snohomish Feather Ballroom Exclusively marketed by · the modern amenities necessary for a world-class wedding and event venue. ... Snohomish is the oldest and best preserved town

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

Page 7: Snohomish Feather Ballroom Exclusively marketed by · the modern amenities necessary for a world-class wedding and event venue. ... Snohomish is the oldest and best preserved town

3TENANT SUMMARY

Page 8: Snohomish Feather Ballroom Exclusively marketed by · the modern amenities necessary for a world-class wedding and event venue. ... Snohomish is the oldest and best preserved town

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

t Sum

mary

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.

Page 9: Snohomish Feather Ballroom Exclusively marketed by · the modern amenities necessary for a world-class wedding and event venue. ... Snohomish is the oldest and best preserved town

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

T

enan

t Sum

mary

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.

Page 10: Snohomish Feather Ballroom Exclusively marketed by · the modern amenities necessary for a world-class wedding and event venue. ... Snohomish is the oldest and best preserved town

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

enan

t Sum

mary

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.

Page 11: Snohomish Feather Ballroom Exclusively marketed by · the modern amenities necessary for a world-class wedding and event venue. ... Snohomish is the oldest and best preserved town

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

enan

t Sum

mary

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.

Page 12: Snohomish Feather Ballroom Exclusively marketed by · the modern amenities necessary for a world-class wedding and event venue. ... Snohomish is the oldest and best preserved town

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

t Sum

mary

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.

Page 13: Snohomish Feather Ballroom Exclusively marketed by · the modern amenities necessary for a world-class wedding and event venue. ... Snohomish is the oldest and best preserved town

4LOCATION OVERVIEW

Page 14: Snohomish Feather Ballroom Exclusively marketed by · the modern amenities necessary for a world-class wedding and event venue. ... Snohomish is the oldest and best preserved town

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

Page 15: Snohomish Feather Ballroom Exclusively marketed by · the modern amenities necessary for a world-class wedding and event venue. ... Snohomish is the oldest and best preserved town

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

Page 16: Snohomish Feather Ballroom Exclusively marketed by · the modern amenities necessary for a world-class wedding and event venue. ... Snohomish is the oldest and best preserved town

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

verview

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

Page 17: Snohomish Feather Ballroom Exclusively marketed by · the modern amenities necessary for a world-class wedding and event venue. ... Snohomish is the oldest and best preserved town

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

1

34

56

78

9

10

11

12

13

14

15

16

1718

19

20

21

2

Page 18: Snohomish Feather Ballroom Exclusively marketed by · the modern amenities necessary for a world-class wedding and event venue. ... Snohomish is the oldest and best preserved town

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

verview

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

Page 19: Snohomish Feather Ballroom Exclusively marketed by · the modern amenities necessary for a world-class wedding and event venue. ... Snohomish is the oldest and best preserved town

5OFFERING TERMS

Page 20: Snohomish Feather Ballroom Exclusively marketed by · the modern amenities necessary for a world-class wedding and event venue. ... Snohomish is the oldest and best preserved town

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

[email protected]

Jeff Tillman

+1 206 332 1473

[email protected]

Page 21: Snohomish Feather Ballroom Exclusively marketed by · the modern amenities necessary for a world-class wedding and event venue. ... Snohomish is the oldest and best preserved town

Exclusively marketed by:

Kelly Gaddis+1 206 332 1470

[email protected]

Jeff Tillman+1 206 332 1473

[email protected]