2716 Colby Ave Everett, WA 98201-3511

Property Details for 2716 Colby Ave

Year built

1925

Construction

WOOD

Property size

5,391 SF

Zone code

F4

Property type

Commercial real estate

APN

906100000100

APU

906100000100

Description

This exceptional 5,391-square-foot storefront commercial condominium presents a compelling investment opportunity in the heart of downtown Everett, Washington. Located at 2716 Colby Ave, this vacant property boasts a desirable Mixed Urban (MU) zoning, allowing for flexible office or retail use. The building, constructed in 1925, features a spacious main floor of 4,231 square feet and a 1,160-square-foot mezzanine level, providing ample space for a variety of businesses. With a list price of $925,000 ($171.58 per square foot), and a pro-forma NOI of $83,556, resulting in a 9.03% pro-forma cap rate, this property offers strong potential for return on investment. Situated on a 0.18-acre lot (APN: 009061-000-001-00), the property benefits from high foot traffic and proximity to numerous amenities, including retail shops, restaurants, government and professional offices, and popular attractions such as the Angel of the Winds Arena, Imagine Children's Museum, Schack Art Center, Village Theater, and Flying Heritage Museum. This is an ideal owner-user opportunity or a lucrative investment for savvy investors seeking a strong presence in a thriving downtown area. The property's central location and flexible zoning make it an attractive prospect for a wide range of businesses.

Location Insight

City

Everett

County

Snohomish

State

Washington

Longitude

-122.209

Latitude

47.9812

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments