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620 SE Everett Mall Way

Everett, WA 98208
  • $7,400,000
  • STATUS: Pending
  • ON SITE: 118 Days
  • ID#: 1794703
Under Contract
$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 Five Doors Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-21T00:15:44.9.

www.pugetsoundfivedoors.com/homes/118660342
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620 SE Everett Mall Way Everett, WA 98208

  • Price: $7,400,000
  • Status: Pending
  • 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 Open Parking YN No Parking Total 0 Roof Flat Structure Type Retail Style Code 75 - Retail Topography Level

Interior Features

Building Area Total 0 Fireplace YN No Furnished Unfurnished Heating Cooling Type Forced Air Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Electric On Property YN No Energy Source Electric First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash Out Net Operating Income 421585 Possession ClosingTenant's Rights Possible Use BusinessCommercial Power Production Type Electric Property Sub Type Commercial Industrial Senior Community YN No Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 105464 Tax Year 2021 Utilities Sewer ConnectedElectricity Available 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 Five Doors Real Estate 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 Five Doors Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-21T00:15:44.9.

 
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Five Doors Real Estate
33434 8th Ave S, Ste 103
Federal Way WA, 98003
Listing Courtesy of Paragon Real Estate Advisors.