3224 Wetmore AveEverett, WA 98201

Property Details for 3224 Wetmore Ave

Year built

1981

Construction

WOOD

Lot size

0.35 AC

Property size (Sq ft)

17,382 SF

Zone code

FS

Property type

Office properties

Property subtype

Office buildings

APN

439176701701

APU

439176701701

Description

This three-story, 17,382 square foot Class B office building, constructed in 1986 and renovated in 2016, is located in Everett's central business district (CBD) at 3224 Wetmore Avenue, near 33rd Street. The property features a total of six suites, with 5,104 square feet currently vacant and available for lease. The building sits on a 0.35-acre lot and boasts a floor area ratio (FAR) of 0.72. It offers 31 total parking spaces. The building is zoned R5 and has a Snohomish County APN of 00439176701701. While there are no elevators, the building's traditional office layout is well-suited for a variety of businesses. The property is situated in the Northend submarket cluster, offering proximity to downtown Everett's amenities, including restaurants, coffee shops, entertainment venues, and boutiques. The building's location provides easy access to the vibrant downtown area while also maintaining a neighborhood feel. The building's ground floor is currently occupied by the Girl Scouts headquarters. This property presents a unique opportunity for businesses seeking a well-located, renovated office space in a thriving urban environment. The maximum contiguous space available is 5,104 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $4,703,612

  6.5%

  $4,341,796

  7%

  $4,031,668

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,661,226

  Geo Method

  $3,347,426

• Alternative Use

  Use

  Valuation

  Residential

  $5,383,826

  Hospitality

  $4,931,556

  Educational

  $4,102,997

  Medical

  $4,244,106

  Retail

  $6,382,440

Location Insight

City

Everett

County

Snohomish

State

Washington

Latitude

47.9742

Longitude

-122.207

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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