Two-Story Mixed-Use
1105 Hewitt Ave, Everett, WA 98201
For Sale
New
$629,000
Ground-floor restaurant space and an upper-level apartment are covered by MU15 zoning.
Property Size2,256 SF
Lot Size0.10 Acres
Price / SF$278.81
Days on Market2
Property Features for 1105 Hewitt Ave
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Asking Price
Multifamily Units
Building Details
Buildings
Stories
Listing Agency:
NAI Puget Sound Properties
Listed By:
Kyle Sterling · License WA #126435
(425) 586-5608
Source:
Nai-psp
Added: Nov 12
Last Checked: Nov 12 at 2:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Puget Sound Properties
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Investment Insights
Based on property information with market context.
This two-level property in Everett combines restaurant space on the lower floor with an apartment above. The building contains 2,256 square feet, including 1,542 square feet configured for restaurant use and a 714-square-foot apartment. The parcel measures 4,356 square feet.
Located on Hewitt Avenue, the property is zoned MU15. Its existing arrangement brings dining space and residential space together in one building.
Located on Hewitt Avenue, the property is zoned MU15. Its existing arrangement brings dining space and residential space together in one building.
Key Highlights
- 2,256 SF building on a 4,356 SF lot
- 1,542 SF of restaurant space on the ground floor
- 714 SF apartment on the upper floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,034
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,680
$740.7K
Cap Rate 7%
$529,057
$529.1K
Cap Rate 9%
$411,489
$411.5K
Market Conditions
NOI Build-Up for 2,256 SF
Gross rent
$51.4K $22.80/SF
− Vacancy
−$2.1K −$0.91/SF
EGI
$49.4K $21.89/SF
− OpEx
−$12.3K −$5.47/SF
NOI
$37.0K $16.42/SF
Area
Everett, WA
Vacancy
4.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,680
Cap Rate 7%
$529,057
Cap Rate 9%
$411,489
Alternative Uses
Best Use
Specialty Retail
$529.1K
$462.9K – $617.2K
NOI $37,034 @ 7.0% cap · market cap 5.89%
Second Best
Mixed Use
$444.8K
$389.2K – $518.9K
NOI $31,133 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$746.8K
$653.4K – $871.2K
NOI $52,273 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,420
Businesses Nearby
Explore this area
Business Placement
Demographics for 98201, WA
30,421
Population
15,196
Households
2
Avg Household Size
39
Median Age
29%
College-Educated
91%
High-School Grad
18.8 sq mi
ZIP Area
1,618
Density / Sq Mi
$73,822
Median Household Income
$48,830
Median Earnings
$1,443
Median Rent
$476,900
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Snohomish County, WA
Properties on Market for Mixed-use properties in Snohomish County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor restaurant space and an upper-level apartment are covered by MU15 zoning.
Where is this mixed-use property located?
The property is located at 1105 Hewitt Ave Everett, WA.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: 2,256 SF building on a 4,356 SF lot; 1,542 SF of restaurant space on the ground floor; 714 SF apartment on the upper floor
