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High Traffic Retail 6915 Evergreen Way 2,923 SF 100% Leased Retail Building Everett, WA 98203 $1,349,000 ($461.51/SF)
Investment Highlights
- 27 Off Street Parking Spaces
- Close To Evergreen Way/Madison Stop Light
- Two Separate Parcels With Access On Both Sides
Executive Summary
POSSIBLE OWNER FINANCING!! Prime opportunity in the high-traffic Madison area of Everett! This two-parcel commercial property offers a combined 2,923 SF—2,139 SF of tenant-occupied retail space up front and a 784 SF vacant office building in back. Both spaces feature separate access and ample parking with 27 total spaces on a shy half-acre lot. Current rents are below market, presenting strong upside potential for investors or owner-users. Great visibility near Madison & Evergreen intersection ensures consistent exposure. Zoned for flexible use with strong growth potential. Showings by appointment only—don’t miss out!
Data Room Click Here to Access
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$56,400
|
$19.30
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$56,400
|
$19.30
|
| Taxes |
$9,901
|
$3.39
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$9,901
|
$3.39
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $56,400 |
| Annual Per SF | $19.30 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $56,400 |
| Annual Per SF | $19.30 |
| Taxes | |
|---|---|
| Annual | $9,901 |
| Annual Per SF | $3.39 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $9,901 |
| Annual Per SF | $3.39 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,923 SF
Building Class
C
Year Built/Renovated
1935/2015
Price
$1,349,000
Price Per SF
$461.51
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.24 AC
Zoning
B2 - B-2 zoning in the City of Everett is designed to support a broad mix of commercial and residential uses.
Parking
27 Spaces (9.24 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Walk Score®
Very Walkable (73)
Nearby Major Retailers
Property Taxes
| Parcel Number | 003928-005-013-00 | Total Assessment | $626,200 (2025) |
| Land Assessment | $440,000 (2025) | Annual Taxes | $9,901 ($3.39/SF) |
| Improvements Assessment | $186,200 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
003928-005-013-00
Land Assessment
$440,000 (2025)
Improvements Assessment
$186,200 (2025)
Total Assessment
$626,200 (2025)
Annual Taxes
$9,901 ($3.39/SF)
Tax Year
2024
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High Traffic Retail | 6915 Evergreen Way
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