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2512 Colby Avenue
2512 Colby Ave Everett WA 98201
Listing #: 704112 | Status: Available | Last Modified: 3/17/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 104,720 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 23,412 |
| Net Operating Income | 81,308 |
| CAP Rate | 3.70 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Retail Asset Class Info | |
|---|---|
| Crane Tonnage | 0 |
| Financial Summary | |
|---|---|
| CAP Rate | 3.696 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 2 |
| Total Building SF | 11,876 SF |
| Net Rentable Area | 7,376 SF |
| Total Office SF | 3,124 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 10,648 SF |
| Acres | 0.24 |
| Year Built | 1963 |
| Property Type | |
|---|---|
| Property Type | Retail |
| Building Class | C |
| Location | |
|---|---|
| County | Snohomish |
| Cross Street | 25th St |
| Market Area | Everett |
| Tax ID # | 00517156102700 |
| Zoning | MU |
Incredible MU7, Downtown Everett Restaurant/ Offic
SEE_NOTES
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.
2512 Colby Avenue
2512 Colby Ave Everett WA 98201
Listing #: 704112 | Status: Available | Listing Date: 10/20/2025 | Last Modified: 3/17/2026 | Email Listing
For Sale
2512 Colby Avenue
