Provided by NWMLS, Bought with RE/MAX Northwest Realtors and Listed by RE/MAX Northwest Realtors
Sold
11321 Hwy 99
Everett WA, 98204
$5,500,000
Sold
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.
1977857
MLSⓇ ID
August 2, 2022
Listed
March 21, 2024
Updated
Map
11321 Hwy 99
Everett WA, 98204
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
2.5 Acres
Sewer
Sewer Connected
Other Property Details
Area Name
740 - Everett/Mukilteo
Garage
No
Parking Total
0
View
No
County
Snohomish
Pool
No
The IDX display contains information sourced from the Northwest Multiple Listing Service as of 3/21/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 3/21/2024 at 8:39 PM UTC