2532 BroadwayEverett, WA 98201

Property Details for 2532 Broadway

Year built

1915

Construction

WOOD

Lot size

0.08 AC

Property size (Sq ft)

1,958 SF

Zone code

BMU

Property type

Individual retail properties

APN

439156601702

APU

439156601702

Description

This exceptional 1,958 square foot executive/traditional office building presents a unique owner-user opportunity in Everett, WA. Located at 2532 Broadway, this two-story, 1915-built building boasts a 2020 renovation, offering modern amenities within a historic structure. The property sits on a 0.08-acre lot and includes two parking spaces. With 100% occupancy and a single unit, this building is ideal for a business seeking a prominent location. The C1 zoning allows for a variety of commercial uses. Benefit from the high visibility and traffic count exceeding 20,000 cars daily, situated near I-5, Everett Community College, and a hospital. The asking price is $625,000, translating to $319.20 per square foot. This is a rare chance to own a well-maintained, strategically located office building in a thriving area. The property's APN is 004391-566-017-02. This is an investment opportunity not to be missed.

• CAP approach

  CAP return

  Valuation

  6%

  $776,367

  6.5%

  $716,646

  7%

  $665,457

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,499,853

  Geo Method

  $950,221

• Alternative Use

  Use

  Valuation

  Residential

  $604,518

  Hospitality

  $553,735

  Educational

  $460,701

  Medical

  $476,545

  Retail

  $716,646

Location Insight

City

Everett

County

Snohomish

State

Washington

Latitude

47.9834

Longitude

-122.202

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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