Property Details

2512 Colby Ave

Everett, WA 98201

$2,200,000

Available

CBA# 704112 courtesy of CBA Listing firm: John L. Scott Snohomish

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Office / Retail

Property Type

11,876

Bldg Sq Ft

3.00%

Cap Rate

1963

Year Built

Property Overview

Prime mixed-use MU7-zoned property- this is an incredible development opportunity in vibrant downtown Everett. The street level features two 2,126 SF commercial units: Kate’s Greek & American (sale of the business included) and a long-term dental office tenant. Upstairs, two spacious 1,562 SF apartments (2 bed/1 bath & 2 bed/2 bath) with long-term tenants offer private rooftop decks with Possession Sound views, a shared space for bike storage upstairs, and the elevator accesses the apartments from the street level and basement. The 3,200 SF basement includes 6 covered parking stalls (4 used by apt tenants), storage, and coin-op laundry for apts. Outside, 22 parking spaces- most with leases for added income plus lots of street parking is available for patrons/guests.