2011 Madison Street , Everett, WA 98203

WA, Everett
$1,250,000
  • 0.61 Acre
  • Commercial Sale Property Type
  • 1947 Year Built
  • Expired Status
Property Description

Character-rich, value-add site awaits selective owner/investor to create immediate equity and community. 6% + pro forma cap for existing building only, with additional land development upside. Two-story mixed-use bldg with three 1-bed apts, three street-front commercial, and three ground floor flex units. 26,752 sf neighborhood business (NB) corner site – a blank slate for townhomes, apartments, owner users, and creatives. Friendly location with excellent commutes, access to amenities and the Interurban trail. Available for the first time in 45 years. A unique opportunity to invest in Everett, anticipated to be Washington’s fastest-growing large city over the next 10 years. Vacant units show pro forma rent w/NNN.

Source: NWMLS
Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 2033045
  • Price: $1,250,000
  • Year Built: 1947
  • Lot Area: 0.61 Acre
  • Status: Expired
  • Office Name: Windermere Real Estate Midtown
  • Agent Name: Leslie Ota
  • Property Sub Type: Commercial Industrial
  • Roof: Flat
Features
  • Exterior Features Wood, Brick
  • Flooring Carpet, Vinyl Plank, Vinyl, Concrete, Laminate
  • Interior Features Wall to Wall Carpet, Concrete, Laminate Hardwood
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County Snohomish
  • City Everett
  • Zipcode 98203
  • Street: Madison
  • Street Number: 2011
  • Street Suffix: Street
  • Longitude: W123° 47' 42.3''
  • Latitude: N47° 56' 11.7''
  • Directions: Corner of Madison Street and Commercial Avenue
  • Mls Area Major: 740 - Everett/Mukilteo
Additional Information
  • Water Source: Public
  • Possible Use: Business,Multi-Family,Office,Residential,Retail,See Remarks
  • On Market Date: 2023-01-25
  • Number Of Units Total: 6
  • Foundation Details: Poured Concrete
Financial
  • Tax Annual Amount: 9017
Listing Information
  • List Agent Mls Id: 48346
  • List Office Mls Id: 7111
  • Listing Term: Cash Out
  • Mls Status: Expired
  • Modification Timestamp: 2023-09-01T07:18:23Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2023-09-01T07:16:03Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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