Property Details
2912 Hewitt Avenue
Everett, WA 98201
$2,900,000
Available
CBA# 709289 courtesy of CBA
Listing firm: Windermere Real Estate HLC
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Property Overview
Prominently located at the corner of Hewitt Avenue and Maple Street in the heart of Everett, this historic mixed-use property offers a unique blend of income stability and long-term redevelopment potential. Built between 1890 and 1910, the property spans three connected buildings totaling approximately 38,260 square feet across four tax lots with on-site parking and street visibility from two major thoroughfares.The ground floor features five fully leased retail spaces with stable tenants and great exposure along Hewitt Avenue. Upper levels include a mix of two apartments, thirty-six studio apartments with shared kitchens and baths, and a bunk room with a shared kitchen area. Current residential occupancy stands at roughly 80%, leaving room for value-add improvements or operational efficiencies.Zoned for up to six stories, the site presents excellent potential for future redevelopment or repositioning while maintaining income from existing tenants. Additional highlights include a small surface parking lot, street parking availability, and an on-site manager present Monday through Friday ensuring smooth daily operations.With easy access to Highway 2 and Interstate 5, and proximity to Everett’s growing downtown core, this property represents a rare opportunity for investors or developers seeking scale, location, and flexibility in one of Snohomish County’s most active commercial corridors.
Property Details
Property Information
Property Type
Commercial Sale
Status
Available
County
Snohomish
Listed
Jul 20, 2026
Financial Summary
Cap Rate
5.00%
Building & Use
Building Sq Ft
28,494
Total Units
10
Zoning
MU
Possible Use
Retail
Year Built
1896
Exterior & Lot
Year Built
1896
Location
City
Everett
County
Snohomish
Coordinates
47.97880, -122.19200
