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Listing Provided by Paragon Real Estate Advisors  
$7,400,000
620 Se Everett Mall Way, Everett, WA 98208
0 Beds
0 Baths
n/a sqft

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Listing Provided by Paragon Real Estate Advisors  
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.
  • Price:
  • $7,400,000
  • Acreage:
  • 5.34
  • Year Built:
  • 1985
  • Listing ID #:
  • NWM1794703
  • Street Address:
  • 620 Se Everett Mall Way
  • City:
  • Everett
  • State:
  • Washington
  • Postal Code:
  • 98208
  • County:
  • Snohomish
  • Community:
  • 740 - Everett/Mukilteo
  • Subdivision:
  • Everett Mall
  • Listing Status:
  • Pending
  • Listing Type:
  • Commercial Sale
  • Exterior Description:
  • Cement/Concrete, Metal/Vinyl, Stone
  • Foundation:
  • Poured Concrete
  • Furnished:
  • Unfurnished
  • Structure:
  • Retail
  • Style:
  • 75 - Retail
  • Type Of Roof:
  • Flat
  • Year Built:
  • 1985
  • Annual Electric Expenses:
  • 2094
  • Annual Insurance Expenses:
  • 18220
  • Net Operating Income:
  • 421585
  • Lot Size Units:
  • Square Feet
  • Lot Square Footage:
  • 232610
  • Suitable Use:
  • Business, Commercial
  • Topography:
  • Level
  • On Market Date:
  • 2021-06-22
  • Originating Mls:
  • Nwmls
  • Terms:
  • Cash Out
  • Subdivision:
  • Everett Mall
  • Property Taxes:
  • $105,464
  • Tax Year:
  • 2021
  • Existing Water:
  • Public
  • Sewage Type:
  • Sewer Connected
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided by Paragon Real Estate Advisors
  • Disclaimer: The information contained in this listing has not been verified by the member's firm and should be verified by the buyer. WANWMLS

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