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    620 SE Everett Mall Way

    Everett, WA 98208
    • $7,400,000
    • STATUS: Pending
    • ON SITE: 32 days
    • ID#: 1794703
    Under Contract
    UPDATED: 36 min ago
    $7,400,000
    • 0
      BEDS
    • 5.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1985
    County:

    School Ratings & Info

    Listing Courtesy of Paragon Real Estate Advisors.

    Description

    Attractive retail center located on the corner of Everett Mall Way and 7th Avenue SE which provide 40,550+ and 9,500+ VPD traffic counts respectively. The 3 retail buildings provide 52,057 NRSF with plentiful parking. The 232,610 SF site is zoned B (Business) a dense zoning allowing for up to 7 " 9 floors and includes mixed use (multifamily). The property was built in phases between 1985 and 1987 and is fully occupied. There is substantial rental upside on lease renewal by bringing rents to market and also charging triple nets. This center historically is quite stable with the most recent tenant moving in 5 years ago and the average tenant moving in 10 years ago. 7th Avenue Plaza provides lots of upside and very little downside.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-27T00:14:30.807.

    www.kwbellingham.net/homes/118660342
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    620 SE Everett Mall Way Everett, WA 98208

    • Price: $7,400,000
    • Status: Pending
    • Updated: 36 min ago
    • ID#: 1794703
    0
    Beds
    0
    Baths
    0
    ½ Baths
    5.34
    Acres
    1985
    Built
    Neighborhood:
    Everett Mall
    County:
    Snohomish
    Area:
    Everett/Mukilteo
    Property Description
    Attractive retail center located on the corner of Everett Mall Way and 7th Avenue SE which provide 40,550+ and 9,500+ VPD traffic counts respectively. The 3 retail buildings provide 52,057 NRSF with plentiful parking. The 232,610 SF site is zoned B (Business) a dense zoning allowing for up to 7 " 9 floors and includes mixed use (multifamily). The property was built in phases between 1985 and 1987 and is fully occupied. There is substantial rental upside on lease renewal by bringing rents to market and also charging triple nets. This center historically is quite stable with the most recent tenant moving in 5 years ago and the average tenant moving in 10 years ago. 7th Avenue Plaza provides lots of upside and very little downside.
    Exterior Features

    Carport YN No Covered Spaces 0 Exterior Features Cement/ConcreteMetal/VinylStone Foundation Details Poured Concrete Open Parking YN No Parking Total 0 Roof Flat Structure Type Retail Style Code 75 - Retail Topography Level

    Interior Features

    Fireplace YN No Furnished Unfurnished Heating Cooling Type Forced Air

    Property Features

    Electric Expense 2094 Electric On Property YN No First Right Of Refusal False Fuel Expense 0 Gross Adjusted Income 717126 Gross Scheduled Income 783744 Insurance Expense 18220 Irrigation Water Rights YN No Listing Terms Cash Out Net Operating Income 421585 Possible Use BusinessCommercial Power Production Type Electric Property Sub Type Commercial Industrial Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 105464 Tax Year 2021 Total Expenses 295541 Utilities Sewer ConnectedElectricity Available Water Sewer Garbage 42795 Water Source Public Zoning Class BusinessCommercial Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Keller Williams Western Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-07-27T00:14:30.807.

     
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    Keller Williams Western Realty
    2211 Rimland Drive, Suite 124
    Bellingham WA, 98226
    Listing Courtesy of Paragon Real Estate Advisors.