4302 Rucker AveEverett, WA 98203

Property Details for 4302 Rucker Ave

Year built

1955

Construction

TYPE NOT SPECIFIED

Lot size

0.34 AC

Property size (Sq ft)

7,120 SF

Zone code

B-2

Property type

Automotive properties

APN

582202400100

APU

582202400100

Description

This exceptional commercial property, located at 4302 Rucker Avenue in Everett, Washington, presents a unique opportunity for owner-users or investors. Situated approximately one mile south of downtown Everett, on the highly visible Rucker Avenue/Evergreen Way corridor, this stand-alone building boasts excellent street frontage, just past Safeway and 41st Street. The entire ground floor offers a spacious, open layout, perfect for a variety of uses. Large display windows and ample signage opportunities ensure high visibility and attract potential customers. The property also includes a generous parking area, a significant advantage in this location. The building's versatility allows for a wide range of potential tenants, from medical offices and retail establishments to light industrial businesses. The current owners are highly motivated to find a thriving business to occupy the space and are open to negotiations regarding lease terms. While preference is given to a single tenant leasing the entire building, the owners are willing to consider dividing the space for strong, qualified tenants seeking smaller footprints. Furthermore, tenant improvements are a possibility, adding to the property's appeal. Owner financing may be considered, making this a compelling investment opportunity. The asking price is $1,750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,823,152

  6.5%

  $2,605,987

  7%

  $2,419,845

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,454,010

  Geo Method

  $3,455,348

• Alternative Use

  Use

  Valuation

  Residential

  $2,198,247

  Hospitality

  $2,013,583

  Educational

  $1,675,277

  Medical

  $1,732,892

  Retail

  $2,605,987

Location Insight

City

Everett

County

Snohomish

State

Washington

Latitude

47.9604

Longitude

-122.211

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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