1313 Hewitt Ave - Storefront Retail/Residential FOR SALE


Everett, WA 98201
$5,200,000 USD
206-300-0115
1313 Hewitt Ave, Everett, WA for Sale
$5,200,000 USD
Storefront Retail/Residential - FOR SALE
1/11
null | 6.23% Cap Rate

1313 Hewitt Ave
Everett, WA 98201


OVERVIEW

This prime 17-unit mixed-use gem commands a prominent corner presence at Hewitt & Rucker in the heart of downtown Everett. With significant capital improvements already completed—including a new roof, fresh exterior paint, updated sewer lines, and eight renovated apartments—this property is primed for effortless ownership. The residential component features nine apartments, six 1-bedroom and three 2-bedroom apartments, each boasting modern open floor plans, stylish interiors, and durable LVP flooring. Residents enjoy the convenience of on-site laundry and the option to rent one of six private parking spaces. The street-level retail consists of eight fully leased commercial units, ensuring consistent cash flow. Positioned within Everett’s Mixed Urban (MU) zone, this property presents significant future development potential, with zoning maps indicating allowable building heights ranging from 12 to 25 stories (buyer to verify). This acquisition offers a stable, income-generating asset with long-term appreciation potential—a rare opportunity in a rapidly evolving urban landscape.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$289 USD /SF

CAP RATE

6.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hart Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

C-1

APN/PARCEL ID

004391-670-014-00

ASK ABOUT THIS PROPERTY

Ben KaufmanCompassMore Info
206-300-0115

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Ben KaufmanCompassMore Info
206-300-0115

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