2811 Virginia AveEverett, WA 98201

For Sale
$1,850,000

15,769 SF Warehouse, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional industrial property, located at 2811-2815 Virginia Ave in Everett, WA, presents a compelling value-add investment or owner-user opportunity. Comprising three buildings totaling 15,769 square feet of net rentable space on a 26,572 square foot lot, this property offers significant versatility. Built between 1940 and 1967, the buildings feature 15-foot ceilings and three loading docks, enhancing operational efficiency. The property includes approximately 6,500 square feet of open, graveled yard space, providing ample room for storage or maneuvering. The zoning is MU, allowing for a range of uses. The property is currently vacant, presenting an immediate opportunity for lease-up or owner-occupancy. Located in a prime Everett location, this asset benefits from excellent access to major transportation arteries, including I-5 and Highway 2, as well as the Port of Everett. The asking price is $1,850,000, translating to $117.12 per square foot and $69.62 per square foot for the land. The property's strategic location within a low-vacancy submarket, coupled with its versatile composition and strong demographics, makes it an attractive investment prospect with high barriers to entry. This property is ideal for businesses seeking a well-positioned, adaptable industrial space in a thriving market. The property includes multiple 1 & 2-ton cranes and a showroom with two south-facing sliding glass doors. Three separate tax parcels (APN: 00437865901400/00437865901200/00437865903000/00437865902800) comprise the site.

Highlights

  • Low-vacancy submarket in Everett, WA.
  • Excellent core location with I-5 and Highway 2 access, near Port of Everett.
  • Strong demographics supporting high demand.
  • Versatile composition: 15,769 SF net rentable area across three buildings on a 26,572 SF lot, including 6,500 SF of paved yard.
  • High barrier to entry due to limited comparable properties.

Property Details for 2811 Virginia Ave

Property type
Other warehouses, Other industrial properties
Square Feet
15,769 SF
Year Built
1940
Buildings
3
Stories
1

Location Insight

City
Everett
County
Snohomish
State
Washington
Latitude
47.9799501
Longitude
-122.1968921
2811 Virginia Ave, Everett, Washington

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2811 Virginia Ave
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