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Hart Center 1313 Hewitt Ave 19,768 SF Retail Building Everett, WA 98201 $4,800,000 ($242.82/SF) 6.61% Cap Rate
EXECUTIVE SUMMARY
Expand your portfolio with this fully leased 17-unit mixed-use asset, prominently positioned at the corner of Hewitt & Rucker in downtown Everett. With significant capital improvements already completed—including a new roof, fresh exterior paint, updated sewer lines, and eight renovated apartments—this property is primed for effortless ownership.
The residential component features nine apartments, six 1-bedroom and three 2-bedroom apartments, each boasting modern open floor plans, stylish interiors, and durable LVP flooring. Residents enjoy the convenience of on-site laundry and the option to rent one of six private parking spaces.
The street-level retail consists of eight fully leased commercial units, ensuring consistent cash flow. Positioned within Everett’s Mixed Urban (MU) zone, this property presents significant future development potential, with zoning maps indicating allowable building heights ranging from 12 to 25 stories (buyer to verify). This acquisition offers a stable, income-generating asset with long-term appreciation potential—a rare opportunity in a rapidly evolving urban landscape.
The residential component features nine apartments, six 1-bedroom and three 2-bedroom apartments, each boasting modern open floor plans, stylish interiors, and durable LVP flooring. Residents enjoy the convenience of on-site laundry and the option to rent one of six private parking spaces.
The street-level retail consists of eight fully leased commercial units, ensuring consistent cash flow. Positioned within Everett’s Mixed Urban (MU) zone, this property presents significant future development potential, with zoning maps indicating allowable building heights ranging from 12 to 25 stories (buyer to verify). This acquisition offers a stable, income-generating asset with long-term appreciation potential—a rare opportunity in a rapidly evolving urban landscape.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
19,768 SF
Building Class
C
Year Built
1913
Price
$4,800,000
Price Per SF
$242.82
Cap Rate
6.61%
NOI
$317,481
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.38
Lot Size
0.33 AC
Zoning
C-1 - Zone is Mixed Urban (MU), zoning maps indicate building heights of 12 up to 25 floors are available (buyer to verify).
AMENITIES
- Signage
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Amina's Hair Braiding
- Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
- Brush & Broom
- Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
- Gilded Teafling
- Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
- Pops Skateshop
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
- Vision Quest Bookstore
- Retailer
-
99,999 SF
- -
- -
-
Jan 0000
- Waxology
- Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Amina's Hair Braiding | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Brush & Broom | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Gilded Teafling | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Pops Skateshop | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Vision Quest Bookstore | Retailer | 99,999 SF | - | - | Jan 0000 | |
| Waxology | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 004391-670-014-00 | Total Assessment | $2,892,500 |
| Land Assessment | $769,800 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,122,700 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
004391-670-014-00
Land Assessment
$769,800
Improvements Assessment
$2,122,700
Total Assessment
$2,892,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Hart Center | 1313 Hewitt Ave
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