1523 132nd St SE
Everett, WA 98208
132nd Street Retail · Retail Property For Sale

GENEROUS PARKING RATIO WITH ADDITIONAL OVERFLOW AREAS AVAILABLE With 55 parking spaces located on site, the property boasts a parking ratio of 4.3:1, which is well within market standards for a general retail property. Moreover, the adjacent Fred Meyer shopping center offers abundant overflow parking areas which are made available to customers of the subject’s shops. Between the subject’s own parking and the overflow areas offered by Fred Meyer, the parking situation is convenient and ample. RECENT MAJOR BUILDING CAPITAL IMPROVEMENTS Since 2012, the property was renovated with new exterior paint, several new HVAC units, new electrical panels, and various interior demising and renovations. Much of this capital work was for the conversion of the former Party City space into the three existing tenants now occupied by Anytime Fitness, Healthy Foot Massage, and Little Caesars. The ownership spent more than $400,000 to demise and build-out these spaces for re-tenanting. ABOVE-AVERAGE INTERIOR BUILD-OUT FOR EXISTING VACANCY The existing 2,342 square-foot vacant space was formerly occupied by a commercial contracting tenant who built-out the space with high-grade materials and equipment including designer bathrooms, cabinets, and countertops. In the "as-is" condition, this space is ready for immediate occupancy by a new tenant and should only require minimal tenant improvement contributions from the landlord.