2815 Baker AveEverett, WA 98201

This Everett, WA, multi-tenant property offers a compelling investment opportunity with a 7.33% cap rate and a strong NOI of $395,784. The 45,000 square foot building, constructed in 1905 and renovated in 2018, features 17 units across three stories, boasting a mix of office, retail, and warehouse space. The flexible layout includes 30,000 square feet of net rentable space, ideal for owner-occupancy. Amenities include four dock-high doors, a freight elevator, 7-12 foot ceiling heights, and 45 parking spaces across two lots. The property sits on a 0.5-acre lot with MU (Mixed Urban) zoning, providing excellent access to Interstate 5 and State Route 2. Recent capital improvements enhance its value, and its multiple loading and access points make it a rare find. The building currently houses a diverse tenant base, including art and photography companies. This prime location in Snohomish County, WA, within an Opportunity Zone, presents a unique chance to acquire a well-maintained, income-generating property with significant upside potential. The asking price is $5,400,000, with a price per square foot of $120. APN: 004378-658-006-00 & 004378-659-031-00.