Provided by NWMLS, Listed by Ricky Mouw, RE/MAX Northwest Realtors

11321 Hwy 99

Everett, WA, 98204

$6,500,000

$6,500,000
Pending
Pending
 - For Sale
property_type
Commercial
2.5 + acre mixed-use property with the potential for prime development with a current $320,000 + NOI and 250 ft of frontage on Hwy 99. Property has a 5% actual (not proforma) CAP rate “as is” . It is just 4 minutes to I-5 and Paine Field. Presently the property contains 9 apartments units and a newly constructed office that can be the 10th Apartment,a 3000+ sq ft building leased as a tire shop, a vacant lot leased to a new car dealership, and a SEPERATE PARCEL leased to a cannabis business. Majority of the apartment units have been recently renovated. Development on a portion or all of the property is made easier with flexible leases in place. Rents just adjusted to reflect the market.
MLS® ID:
1977857
Listed:
8/1/22
Updated:
8/18/22
Windermere Real Estate GH LLC
Adam Cobb

Exterior/Building Features

Lot Size
2.5 acres lot
Architectural Style
Unspecified
Sewer
Sewer Connected

Other Property Details

Area Name
740 - Everett/Mukilteo
Garage
No
Parking
N
View
N
County
Snohomish
Utilities
Sewer Connected
Pool
No

Provided by NWMLS, Listed by Ricky Mouw, RE/MAX Northwest Realtors

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Data last updated 12:48 PM UTC, 8/18/22

Windermere Real Estate GH LLC
Adam Cobb
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