2011 Madison Street, Everett, WA 98203


Listing courtesy of Windermere Real Estate Midtown.

Property Description

Character-rich, value-add site awaits selective owner/investor to create immediate equity and community. 6% + pro forma cap for existing building only, with additional land development upside. Two-story mixed-use bldg with three 1-bed apts, three street-front commercial, and three ground floor flex units. 26,752 sf neighborhood business (NB) corner site - a blank slate for townhomes, apartments, owner users, and creatives. Friendly location with excellent commutes, access to amenities and the Interurban trail. Available for the first time in 45 years. A unique opportunity to invest in Everett, anticipated to be Washington's fastest-growing large city over the next 10 years. Vacant units show pro forma rent w/NNN.

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