Gable Building 3 Retail Properties Offered at $4,096,980 CAD in Everett, WA

Prominently located at the corner of Hewitt Avenue and Maple Street in the heart of Everett, this historic mixed-use property offers a unique blend of income stability and long-term redevelopment potential. Built between 1890 and 1910, the property spans three connected buildings totaling approximately 38,260 square feet across four tax lots with on-site parking and street visibility from two major thoroughfares.
The ground floor features five fully leased retail spaces with stable tenants and great exposure along Hewitt Avenue. Upper levels include a mix of two apartments, thirty-six studio apartments with shared kitchens and baths, and a bunk room with a shared kitchen area. Current residential occupancy stands at roughly 80%, leaving room for value-add improvements or operational efficiencies.
Zoned for up to six stories, the site presents excellent potential for future redevelopment or repositioning while maintaining income from existing tenants. Additional highlights include a small surface parking lot, street parking availability, and an on-site manager present Monday through Friday ensuring smooth daily operations.
With easy access to Highway 2 and Interstate 5, and proximity to Everett’s growing downtown core, this property represents a rare opportunity for investors or developers seeking scale, location, and flexibility in one of Snohomish County’s most active commercial corridors.