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Harvey Building

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Harvey Building

6325 Evergreen Way, Everett, WA 98203
Retail,Multi-Family For Sale Available Built 1968 2 floors Zoning: MU
Asking Price
$2,400,000
Total Building11,895 SF
Land11,761 SF land
ConstructionWood
MarketMukilteo
CountySnohomish

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Overview

Property ID
117205
Listing ID
708440
Type
Retail
Asset Class
Retail,Multi-Family
Zoning
MU

Description

FLAGSHIP EVERETT 2044 REDEVELOPMENT | MU-7 (7-STORY) | 5.44% CAP. Unparalleled investment opportunity featuring a strategic 2-parcel assemblage in Everett’s premier high-growth corridor. This combined footprint represents a premier "Covered Land Play," delivering immediate cash flow with a stable 5.44% In-Place Cap Rate. VALUE-ADD & STABILITY: With 16 existing units (Retail Storefronts + Apartments), the asset provides strong, steady income to offset carrying costs during the entitlement phase. Rents are currently significantly below market, providing a clear value-add opportunity to immediately increase NOI and yield while pursuing future development. Under utilized basement and storage rooms. THE ASSEMBLAGE ADVANTAGE: This 2-parcel footprint provides the critical depth and scale necessar

Listing Courtesy of:

AB
Aaron Byrne
KW Everett
1000 SE Everett Mall Way #201,
Everett, WA 98208
State: WA City: Everett ZIP: 98203 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.