Gable Building Retail FOR SALE


Everett, WA - Riverside
$3,000,000 USD
206-999-3724
, Everett, WA for Sale
$3,000,000 USD
Retail - FOR SALE
1/2
null | 5.13% Cap Rate

Gable Building
Everett, WA
Riverside


HIGHLIGHTS

  • Prime Location
  • Upside with rents
  • Mixed Use buildings
  • Onsite Parking

OVERVIEW

Prominently located at the corner of Hewitt Avenue and Maple Street in the heart of Everett, this historic mixed-use property offers a unique blend of income stability and long-term redevelopment potential. Built between 1890 and 1910, the property spans three connected buildings totaling approximately 38,260 square feet across four tax lots with on-site parking and street visibility from two major thoroughfares. The ground floor features five fully leased retail spaces with stable tenants and great exposure along Hewitt Avenue. Upper levels include a mix of two apartments, thirty-six studio apartments with shared kitchens and baths, and a bunk room with a shared kitchen area. Current residential occupancy stands at roughly 80%, leaving room for value-add improvements or operational efficiencies. Zoned for up to six stories, the site presents excellent potential for future redevelopment or repositioning while maintaining income from existing tenants. Additional highlights include a small surface parking lot, street parking availability, and an on-site manager present Monday through Friday ensuring smooth daily operations. With easy access to Highway 2 and Interstate 5, and proximity to Everett’s growing downtown core, this property represents a rare opportunity for investors or developers seeking scale, location, and flexibility in one of Snohomish County’s most active commercial corridors.

ASK ABOUT THIS PROPERTY

Aaron ZehmWindermere Real Estate HLCMore Info
206-999-3724

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Aaron ZehmWindermere Real Estate HLCMore Info
206-999-3724

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