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Vacant-User

Colby Property

2944 Colby Ave, Everett, WA 98201

Listing Price: $2,196,950

Cap Rate
6.35%
Gross SF
11,000
Rentable SF
11,000
Price/Gross SF
$199.72
Lot Size
0.13 acres
Year Built
1929

Investment Overview

Marcus and Millichap has been selected to exclusively market the sale of this 3 tenant property located on the corner of Colby and Wall in Downtown Everett WA. The property is situated across from Everett’s Imagine Children’s Museum and Courtyard by Marriott, and short walking distance from the Schack Arts Center, the Village Theater, Everett Public Library, new residential, retail, business offices, family-friendly attractions, and entertainment. The building is 11,000 sf including basement and fully occupied. Studio Donna AVEDA Lifestyle Salon and Spa occupies 4,038 sf of the main floor, Second Chance Outreach occupied a separate entrance to a 1,462 sf office space on the main floor, and Grace Church occupies the 5,500 basement. Future development opportunity with the property zoned Mixed Urban (MU) which is where the greatest heights and redevelopment in the city of Everett is allowed to accommodate a significant portion of the city’s projected growth.

Investment Highlights

  • Prime Downtown Everett Retail Location: Located in the heart of downtown Everett situated at the signalized intersection on the corner of Colby Avenue and Wall Street.
  • Historically well performing business: For over 20 years Studio Donna AVEDA Lifestyle Salon and Spa has successfully been doing business at this location and is well recognized as a leading salon.
  • Opportunities: Current income and future development opportunity zoned in Mixed Urban (MU) zone allowing for mixed-use residential structures up to 25 stories high.
  • Future Light Rail: A nearby Everett Transit bus line and the Sound Transit Light Rail will provide connectivity from Everett to Lynnwood, Seattle, and SeaTac Airport.

Exclusively Listed By

Financing By

Vacant-User

Colby Property

Listing Price: $2,196,950

Cap Rate
6.35%
Gross SF
11,000
Rentable SF
11,000
Price/Gross SF
$199.72
Lot Size
0.13 acres
Year Built
1929

Investment Highlights

  • Prime Downtown Everett Retail Location: Located in the heart of downtown Everett situated at the signalized intersection on the corner of Colby Avenue and Wall Street.
  • Historically well performing business: For over 20 years Studio Donna AVEDA Lifestyle Salon and Spa has successfully been doing business at this location and is well recognized as a leading salon.
  • Opportunities: Current income and future development opportunity zoned in Mixed Urban (MU) zone allowing for mixed-use residential structures up to 25 stories high.
  • Future Light Rail: A nearby Everett Transit bus line and the Sound Transit Light Rail will provide connectivity from Everett to Lynnwood, Seattle, and SeaTac Airport.

Investment Overview

Marcus and Millichap has been selected to exclusively market the sale of this 3 tenant property located on the corner of Colby and Wall in Downtown Everett WA. The property is situated across from Everett’s Imagine Children’s Museum and Courtyard by Marriott, and short walking distance from the Schack Arts Center, the Village Theater, Everett Public Library, new residential, retail, business offices, family-friendly attractions, and entertainment. The building is 11,000 sf including basement and fully occupied. Studio Donna AVEDA Lifestyle Salon and Spa occupies 4,038 sf of the main floor, Second Chance Outreach occupied a separate entrance to a 1,462 sf office space on the main floor, and Grace Church occupies the 5,500 basement. Future development opportunity with the property zoned Mixed Urban (MU) which is where the greatest heights and redevelopment in the city of Everett is allowed to accommodate a significant portion of the city’s projected growth.

Exclusively Listed By

Financing By

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