2512 Colby Ave
Everett WA 98201
2512 Colby Avenue
2512 Colby Ave Everett WA 98201
Listing #: 704112 | Status: Available | Last Modified: 3/17/2026 |
For Sale
- Phone:(425) 225-4339
- Email:ashley@scruppspropertygroup.com
- Office Name:John L. Scott Snohomish
- Office Phone:(360) 217-8670
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
SEE_NOTES
- Listing Price$ 2,200,000.0
- $/SF$ 298.3
- $/Unit$ 2,200,000.0
- Listing StatusAvailable
- Days on Market195
- Asset ClassRetail, Office, Multi-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income104,720
- Vacancy Factor %0.00%
- Operating Expenses23,412
- Net Operating Income81,308
- CAP Rate 3.70 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- CAP Rate 3.70 %
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF11876
- Net Rentable Area7376
- Total Office SF3124
- Largest Contiguous SF
- Lot SF10648
- Acres0.24
- Property TypeRetail
- Office Type
- Building ClassC
- CountySnohomish
- Vicinity
- Location Description
- Second Address
- Cross Street25th St
- Market AreaEverett
- Tax ID #00517156102700
- Additional Parcels00517156102500
- ZoningMU
- Year Built1963
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Incredible MU7, Downtown Everett Restaurant/ Offic
Prime mixed-use MU7-zoned property- this is an incredible development opportunity in vibrant downtown Everett. The street level features two 2,126 SF commercial units: Kate’s Greek & American (sale of the business included) and a long-term dental office tenant. Upstairs, two spacious 1,562 SF apartments (2 bed/1 bath & 2 bed/2 bath) with long-term tenants offer private rooftop decks with Possession Sound views, a shared space for bike storage upstairs, and the elevator accesses the apartments from the street level and basement. The 3,200 SF basement includes 6 covered parking stalls (4 used by apt tenants), storage, and coin-op laundry for apts. Outside, 22 parking spaces- most with leases for added income plus lots of street parking is available for patrons/guests.
