1503 Pacific AveEverett, WA 98201
- Retail properties
- 4,059 SF
Property Details for 1503 Pacific Ave
- Year built
- 1960
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.34 AC
- Property size (Sq ft)
- 4,059 SF
- Zone code
- F4
- Property type
- Retail properties
- Property subtype
- Banks
- APN
- 645171801200
- APU
- 645171801200
Description
This exceptional 3,900 square foot medical office building, situated on a 0.34-acre lot at 1503 Pacific Ave, Everett, WA 98201, presents a unique investment opportunity. Built in 1960, this single-story structure boasts a classic retro design and offers twelve parking spaces. The property is zoned B3 and features a convenient location at the corner of Pacific Avenue and Hoyt Avenue, placing it within walking distance of downtown Everett's vibrant amenities, including restaurants, bars, and the Angel of the Winds Arena. The building's single-tenant occupancy provides stability and ease of management. The property's address is 1503 Pacific Ave, Everett, WA 98201, with APN 006451-718-012-00. Its prime location and unique character make it an ideal space for a variety of medical practices seeking a distinctive and well-situated office. The building's history as a former Greyhound bus depot adds to its charm and character. This property offers a blend of vintage appeal and modern functionality, making it a compelling investment opportunity in a thriving urban setting. The building's single-story design and ample parking further enhance its practicality and appeal. This is a rare chance to acquire a well-located, single-tenant medical office building with significant character and potential.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,609,435
- 6.5%
- $1,485,632
- 7%
- $1,379,516
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,109,245
- Geo Method
- $1,969,839
-
Alternative Use
- Use
- Valuation
- Residential
- $1,253,186
- Hospitality
- $1,147,912
- Educational
- $955,049
- Medical
- $987,895
- Retail
- $1,485,632
Location Insight
- City
- Everett
- County
- Snohomish
- State
- Washington
- Latitude
- 47.9768
- Longitude
- -122.209
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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