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2510-2512 Colby Ave
Everett, WA 98201
Kate's Greek & American + Office + 2 Apts · Retail Property For Sale
Executive Summary
Prime mixed-use MU7-zoned property (development opportunity!) in vibrant downtown Everett. Street level features two 2,126 SF commercial units: Kate’s Greek & American (business included in sale) and a long-term dental office tenant. Upstairs, two spacious 1,562 SF apartments (2 bed/1 bath & 2 bed/2 bath) offer private rooftop decks with Possession Sound views and elevator access. The 3,200 SF basement includes 6 covered parking stalls (4 used by apartment tenants), storage, and coin-op laundry for apts. Outside, 22 parking spaces- most with leases, plus street parking. Ask your agent for the full brochure with all details, current and projected financials. Don't miss this opportunity to be part of bustling, downtown Everett!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,376 SF
Building Class
C
Year Built
1963
Price
$2,200,000
Price Per SF
$298.26
Cap Rate
3.70%
NOI
$81,307
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.68
Lot Size
0.25 AC
Zoning
MU7 - MU7 - Mixed-Use
Parking
22 Spaces (2.98 Spaces per 1,000 SF Leased)
Frontage
60’ on Colby
Amenities
- 24 Hour Access
- Restaurant
- Signage
- Roof Terrace
- Storage Space
- Air Conditioning
- Balcony
- Smoke Detector
Property Taxes
| Parcel Numbers | Improvements Assessment | $638,800 | |
| Land Assessment | $615,500 | Total Assessment | $1,254,300 |
Property Taxes
Parcel Numbers
Land Assessment
$615,500
Improvements Assessment
$638,800
Total Assessment
$1,254,300
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