2011 Madison Street

Multi-Family: Mixed Use

2011 Madison St, Everett, WA 98203

1 photo

Property Details

Location

Address: 2011 Madison St, Everett, WA 98203
County: Snohomish
Submarket: CBA Mukilteo
Parcels: 00544700501300
Cross Street: Commercial Ave

Building Size

Building Size: 7,638 SF
Retail Space: 2,442 SF
Industrial Space: 2,784 SF
Residential Space: 2,413 SF
Rentable Space: 7,638 SF

Building Details

Type: Multi-Family: Mixed Use
Number of Buildings: 1
Number of Units: 8
Occupancy Type: Multi-tenant
Number of Tenants: 5
Percent Occupied: 100%
Building Class: C
Building Status: Existing
Floors: 2
Elevators: Not present
Year Built: 1947
Sprinklers: No
Primary Const.: Framed
Parking Ratio: —
Heated: Yes

Land & Utilities

Land (Acres): 0.61 Acres
Land (SF): 26,572 SF
Topography Desc.: Flat
Electricity: Yes, Municipal Utility District
Natural Gas: Yes, Private
Sanitary Sewer: Yes, City
Water: Yes, City
Rail Service: No
Zoning: NB
Lot Depth: —
Lot Width: —
Stand. Electric: Yes

Contacts

Current Listings

Value-add Mixed Use Building with Excess Land

Retail For Sale

7,638 SF$1,850,000

Cap Rate: 5.51%

Classic value add mixed use opportunity with excess land. All leases are under market and short term. Renovate the building and bring cash flow up to market, and/or build on the excess land, or redevelop the entire site. Interior tours only after a mutually agreed upon PSA.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

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Source: Paul Jacobson

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