2920 Hewitt Ave Everett, WA 98201

This exceptional mixed-use property, known as the Gable Building, presents a compelling investment opportunity in the thriving Everett, WA market. Comprising three buildings constructed between 1896 and 1910, this stabilized investment boasts a total of 28,494 square feet, with 26,516 square feet of net rentable space. Currently operating at 90% occupancy, the property generates a strong NOI of $176,111, with a pro-forma NOI projected at $252,840, reflecting a potential for significant growth. The asking price is $3,000,000, representing a current cap rate of 5.87% and a pro-forma cap rate of 8.43%. The property features a mix of retail, office, and multifamily units, offering diverse income streams. Situated on four parcels totaling 0.48 acres, the property includes 21 parking spaces. The convenient location on Hewitt Ave in Everett, WA (zip code 98201), offers excellent visibility from I-5 and proximity to Kaiser Permanente. The property's Class C designation and below-market lease rates present an opportunity for value enhancement through lease adjustments and potential redevelopment. APN numbers are 00593669502902, 00593669500100, 00593669500400, and 00593669500500. This is a rare chance to acquire a well-positioned mixed-use asset with substantial upside potential in a dynamic market.