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Listed by:Downtown Dennis Real Estate • Dennis Wagner
$ 1,200,000
Est. payment /mo
Active
1915 1917 Broadway AVE Everett, WA 98201
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Everett
MLS Listing ID 2564128
Style 60 - Comm Bldg Und 10K
Year Built 1946
Annual Tax Amount $6,647
Lot Size 6,098 Sqft
Property Sub-Type Commercial Industrial
Property Description
Development Potential. Zoned MU15 under the Everett Unified Development Code, permitting development up to 15 floors / 160 feet (EMC 19.22.020, Table 22-1) — exceeded only by the MU25 core. Everett is projected to add roughly 60,000 residents over the next two decades, and the Metro Everett subarea plan targets Downtown Everett for the bulk of that growth. This is a mixed-use development site positioned for multifamily, hotel, office, or ground-floor retail on the Broadway corridor. Income in Place. Two buildings on 6098 SF lot, generate dual-stream rental income — a street-front retail tenant plus a residential apartment at the rear — producing $68,700 in total annual income against $11,953 in expenses, for an NOI of $56,747 (4.73% cap rate) That income allows an incoming investor or developer to offset carrying costs and maintain consistent cash flow while finalizing architectural plans, engineering, and municipal approvals — rather than paying to sit on vacant dirt. Location. Broadway is one of Everett's principal north-south commercial corridors, minutes from Everett Station — Snohomish County's hub for Sounder commuter rail and Amtrak — with direct I-5 access and Downtown Everett's civic and employment core close at hand. Building signage on Broadway. Possession at close of escrow.
Location
State WA
County Snohomish
Area 740 - Everett/Mukilteo
Interior
Fireplace false
Building
Sewer Sewer Connected
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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