1832 Broadway Everett, WA 98201-2349

This exceptional commercial property at 1832 Broadway, Everett, WA 98201, presents a compelling investment opportunity. The 0.21-acre lot features a beautiful brick retail building with six on-site parking spaces. Currently generating a gross annual income of $98,000, this property boasts a 6.00% capitalization rate, offering significant potential for increased profitability. Many of the existing leases are month-to-month, providing a clear path to raise rents and further enhance the cap rate. The property's prime location in Everett places it in close proximity to downtown Everett, Washington State University (WSU) Everett campus, and a local hospital, ensuring high visibility and strong tenant demand. The spacious layout and ample parking are attractive features for potential tenants. The Snohomish County Assessor's Parcel Number (APN) is 00437936401700. The asking price for this property is $1,600,000. This property offers a solid investment opportunity due to its prime location, strong rental income potential, and the possibility of increasing rental rates to achieve an even higher cap rate. Its proximity to schools, parks, and downtown Everett further enhances its appeal and investment value.