Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2512 Colby Ave Everett, WA 98201

    For Sale
    $2,200,000

    Mixed-use property with commercial units and apartments in downtown Everett.

    Property size:
    11,876 SF
    Lot size:
    0.24 Acres

    Property Features for 2512 Colby Ave

    General Information

    Size
    11,876 SF
    Lot size
    0.24 Acres

    Source: John L. Scott Snohomish Agent Ashley Scrupps

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Downtown Everett

    This mixed-use property is located in downtown Everett and is zoned MU7. The street level features two commercial units, one occupied by Kate’s Greek & American (sale of the business included) and the other by a long-term dental office tenant. Upstairs, there are two apartments, each 1,562 square feet, with long-term tenants. One apartment has two bedrooms and one bathroom, while the other has two bedrooms and two bathrooms. The apartments include private rooftop decks with Possession Sound views and a shared space for bike storage. An elevator provides access to the apartments from the street level and basement. The 3,200 square foot basement includes six covered parking stalls (four used by apartment tenants), storage, and coin-operated laundry for the apartments. There are 22 parking spaces outside, most with leases for added income, plus street parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kate's Greek & American ... American Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.208572
    Latitude
    47.984386

    Nearby Similar for Sale

    • $2,200,000
      10,500 SF

      Everett NAPA Auto Parts Investment

      Single-tenant NAPA Auto Parts property in Everett, WA for sale.
      9423 Evergreen Way, Everett, WA 98204
      View Details
    • $1,100,000
      2,256 SF

      Downtown Everett Commercial Asset

      High-visibility commercial property in Downtown Everett's transforming urban district.
      1418 Hewitt Ave, Everett, WA 98201
      View Details
    • $575,000

      Versatile Mixed-Use Corner Lot

      Mixed-use property with office, retail, and residential potential.
      4232 Rucker Ave, Everett, WA 98203
      View Details
    • $5,200,000
      19,768 SF

      Mixed-Use Asset in Downtown Everett

      Fully leased 17-unit mixed-use property with recent capital improvements.
      1313 Hewitt Ave, Everett, WA 98201
      View Details
    • $167,500
      1,568 SF

      Updated Home in 55+ Park

      Updated 3-bedroom home in Fairway Estates 55+ senior park.
      1427 100Th St SW, Everett, WA 98204
      View Details
    • $2,450,000
      11,856 SF

      Value-Add Multifamily Investment Opportunity

      Light value-add property with renovation upside in a desirable location.
      2424 Rucker Ave, Everett, WA 98201
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial units and apartments in downtown Everett.
    Where is this mixed-use property located?
    The property is located at 2512 Colby Ave Everett, WA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Prime mixed-use MU7-zoned property in downtown Everett offering significant development potential.; - Two street-level commercial units, including an established restaurant business (Kate’s Greek & American) included in the sale, and a long-term dental office tenant.; - Enjoy Possession Sound views from the two spacious apartments with long-term tenants and private rooftop decks.
    (360) 217-8670
    Request Owner's contact information
    2512 Colby Ave Everett, WA 98201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2512 Colby Ave
    Everett, WA 98201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2512 Colby Ave Everett, WA 98201
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.