2011 Madison St 7,629 SF 100% Leased Retail Building Everett, WA 98203 $1,376,501 CAD ($180.43 CAD/SF) 4.04% Cap Rate

2011 Madison Street presents a mixed-use investment and redevelopment opportunity in Everett's evolving urban core. Situated on a prominent corner parcel with alley access, the property combines existing income-producing tenancy with long-term redevelopment potential in a location benefiting from ongoing public and private investment. The asset consists of a multi-tenant building occupied by a mix of retail, residential, and flexible-use tenants, creating diversified income streams while preserving future repositioning opportunities.
The property's location places it within a connected urban environment near the Interurban Trail, downtown Everett amenities, and planned regional transportation improvements. Everett continues to serve as one of Snohomish County's primary employment and commercial centers, supported by aerospace, healthcare, education, maritime, and technology sectors. The site's accessibility, surrounding residential density, and proximity to major transportation corridors contribute to its appeal for both investors and future occupants.
Neighborhood Business zoning and the property's substantial corner lot provide flexibility for future development strategies, subject to buyer verification and municipal approvals. The combination of existing occupancy, multiple tenant types, parking, and redevelopment potential offers investors the ability to pursue cash flow, value-add improvements, or longer-term development objectives. With a location positioned near emerging investment activity and public infrastructure enhancements, 2011 Madison Street represents an opportunity to acquire a mixed-use asset with both current utility and future upside in one of Everett's established urban districts.