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Listed by:Windermere Real Estate/HLC • Aaron W Zehm
$ 2,900,000
Est. payment | /mo
0.49 Acres Lot
$ 2,900,000
Est. payment | /mo
0.49 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Everett
MLS Listing ID 2543872
Style 61 - Comm Bldg Ovr 10K
Year Built 1896
Annual Tax Amount $29,728
Lot Size 0.488 Acres
Property Sub-Type Commercial Industrial
Property Description
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.
Location
State WA
County Snohomish
Area 740 - Everett/Mukilteo
Interior
Flooring Laminate, Vinyl
Fireplace false
Exterior
Roof Type Built-Up,Flat,Torch Down
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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