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2011 Madison St Everett, WA 98203

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For Sale
$998,000

Mixed-use property with development potential in Everett's urban core.

Lot size:
0.61 Acres

Property Features for 2011 Madison St

General Information

Lot size
0.61 Acres

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Listing Contact
Edward Krigsman
Source: Moodyscre

Listing Agency: Windermere Real Estate Co. Listing Agent: Edward Krigsman

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

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Overview

Mixed-Use Asset in Everett Core

This mixed-use property is located in Everett’s revitalizing urban core. Situated on a 26,572 square foot corner lot with alley access, Interurban Crossing includes over 20 parking spaces and a 7,629 square foot structure. The building is leased to local tenants and contains three storefronts, three apartments, and three flex spaces. The current gross rent is over $64,000, with a pro forma of over $144,000 with light upgrades. The property has 26.3% lot coverage and is located in an Opportunity Zone, offering phased development potential under NB zoning. It is located steps from the Interurban Trail, the future light rail, and the new stadium district. This walkable location offers built-in income and upside potential.
Location Intelligence

Current Use by Public Records

Thrift Store Garage ... Thrift Store Hampton Hair Design Hair Salon American Laser Inc Laser Hair Removal Service Tattoosmith & Company Tattoo Shop

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Everett
County
Snohomish
State
Washington
Longitude
-122.204929
Latitude
47.936592

FAQs

What type of property is this?
Mixed-use property - Mixed-use property with development potential in Everett's urban core.
Where is this mixed-use property located?
The property is located at 2011 Madison St Everett, WA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: - High pro forma income potential ($144K+) with light upgrades.; - Opportunity Zone and NB zoning allow for phased development.; - Mixed-use property with a diverse tenant base (storefronts, apartments, flex spaces).
More about this property
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