1418 Hewitt Ave - Storefront FOR SALE


Everett, WA 98201- Port Gardner
$1,100,000 USD
206-757-8881
1418 Hewitt Ave, Everett, WA for Sale
$1,100,000 USD
Storefront - FOR SALE
1/12
null | Request Cap Rate

1418 Hewitt Ave
Everett, WA 98201
Port Gardner


HIGHLIGHTS

  • Premier Location
  • Hewitt Avenue Frontage
  • 100% Leased

OVERVIEW

1418 Hewitt Avenue is a compelling opportunity to acquire a high-visibility commercial asset at the center of Downtown Everett’s revitalization. The property well-positioned on one of the submarket’s most active pedestrian corridors, surrounded by an expanding mix of independent retailers, restaurants, multifamily properties, and office users. Its location provides strong street presence, consistent foot traffic, and immediate access to transit, public parking, and key regional connectors. The asset is a well-maintained, 100% leased mixed-use property delivering durable in-place cash flow with long-term upside. The stable tenancy (+10-years) is in-place thru October 31, 2029, however, is subject to a redevelopment clause in favor of the landlord. A new 20-year roof system was installed in 2022. Favorable MU25 zoning, ongoing public and private investment, and the flexibility of an efficient building footprint supports multiple paths to appreciation—whether through repositioning, future redevelopment, or continued rent growth. Situated in the heart of Everett’s cultural and commercial resurgence, 1418 Hewitt represents a strategically located, small-format investment offering at an accessible basis in one of Snohomish County’s most active and rapidly evolving urban environments.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$488 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1936

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

Mixed-Use (MU25)

APN/PARCEL ID

004391-681-034-00

ASK ABOUT THIS PROPERTY

Michael OdegardCenturyPacific, LLLPMore Info
206-757-8881

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Michael OdegardCenturyPacific, LLLPMore Info
206-757-8881

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.