1716 BroadwayEverett, WA 98201

Property Details for 1716 Broadway

Year built

1966

Construction

TYPE NOT SPECIFIED

Lot size

0.14 AC

Property size (Sq ft)

1,829 SF

Zone code

F2

Property type

Medical offices

Property subtype

Medical centers

APN

438235102500

APU

438235102500

Description

This 1829-square-foot commercial building at 1716 Broadway in Everett, WA, presents a compelling lease/purchase opportunity. Boasting 50 feet of high-visibility frontage on Broadway, this property offers excellent exposure for a variety of businesses. The interior comprises six private rooms, most plumbed for water, a central office area, two restrooms, several storage rooms, and a spacious lobby and reception area featuring a vaulted ceiling. The building's functionality is enhanced by a recently installed PVC roof (December 29, 2021), providing peace of mind for years to come. Additional features include a 10ft x 12ft storage building situated in the rear lot, providing ample extra storage space. Ten on-site parking spaces are available for employees and clients, a significant advantage in a busy commercial area. Originally designed as a medical clinic, this versatile space is well-suited for a range of commercial uses, offering significant potential for future growth and success. The asking price is $3200 (please inquire for details on lease/purchase options). The property is located in Everett, WA, and sits on a lot with zero acres.

• CAP approach

  CAP return

  Valuation

  6%

  $494,932

  6.5%

  $456,860

  7%

  $424,227

• Comparable approach

  Method

  Valuation

  Relative Method

  $490,472

  Geo Method

  $352,229

• Alternative Use

  Use

  Valuation

  Residential

  $566,507

  Hospitality

  $518,917

  Educational

  $431,733

  Medical

  $446,581

  Retail

  $671,584

Location Insight

City

Everett

County

Snohomish

State

Washington

Latitude

47.9944

Longitude

-122.202

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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