1828-1832 Broadway | Everett, WA 98201
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1828-1832 Broadway
Everett, WA 98201
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Offers great potential with its prime location and spacious layout.
- Close to schools, parks, and downtown Everett amenities.
EXECUTIVE SUMMARY
Beautiful Brick building underpriced lease on current spaces. Most are month-to-month and would like a longer lease. This is an opportunity to increase the rent to an even higher Cap Rate. 6 parking spaces back of the building, close to downtown Everett, WSU college and the Hospital. Gross income of 98K a year. Enjoy the best of Everett living with easy access to local amenities and attractions. Given its prime location and appealing features, this represents a solid investment opportunity for rental income or future resale value.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,520 SF
Building Class
C
Year Built/Renovated
1952/1972
Price
$1,600,000
Price Per SF
$245
Cap Rate
6.10%
NOI
$97,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.71
Lot Size
0.21 AC
Zoning
B2
Parking
10 Spaces (1.53 Spaces per 1,000 SF Leased)
Frontage
80 FT on Broadway
AMENITIES
- Bus Line
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Number | 004379-364-017-00 | Improvements Assessment | $746,600 |
| Land Assessment | $543,600 | Total Assessment | $1,290,200 |
PROPERTY TAXES
Parcel Number
004379-364-017-00
Land Assessment
$543,600
Improvements Assessment
$746,600
Total Assessment
$1,290,200
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