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JAMES ROBERT DEAL
REAL ESTATE ATTORNEY 

REAL ESTATE MANAGING BROKER
COMMERCIAL MORTGAGE BROKER
KW EVERETT    425-774-6611
James@JamesDeal.com

I am writing about the building at 4017 Colby Avenue in Everett.

The listing number is NWMLS 1410715 for the for sale listing.

The listing number is NWMLS 1434884 for the rental listing.

I represent the seller as attorney and broker.

For photos, floor plan, and reports regarding this property, click on this link.

The video on YouTube is very informative.

This charming and well-maintained building is for sale for $950,000. Seller financing may be considered. A lease-option may be considered.

The entire building can be leased for $6,000 per month plus taxes, insurance, and a maintenance fee. The tenant would be free to sub-rent the loading bay and keep the rent income.

The office has at least ten different offices or work areas. It has a large conference room. Existing storage can be turned into new offices.

There is a lighted sign in front which extends out over the sidewalk. It has faces on both the north and south sides. The sign can be updated and customized at the buyer or renter’s cost. The electrical guts of the sign may need servicing. The buyer or tenant would take care of that expense.

This building would make a great incubation center for new businesses. It would be great for a commercial business, such as a construction company.

If you have enough funds to pay an option fee, the seller might give you a lease option deal. If you can pay a substantial down payment, the seller might be willing to carry a deed of trust on favorable terms.

The loading bay:

The building is on the east side of Colby, facing west. Facing Colby there is roll up garage door and loading bay. It is 11 feet high, 16 feet wide, and 27 feet long. It is around 432 square feet in size. It will hold a really big truck or an RV.

Or the loading bay could be converted into separate retail space, one with street frontage on Colby. If you own or lease, you can keep the sub-lease income. If you rent the loading bay to a sub-tenant, that sub-tenant would need access to the main part of the building to get to the restrooms.

The rear faces east. There are five+ parking spaces in the rear. The five spaces could likely be reconfigured to make more parking spaces. There is a lot of free parking in the neighborhood.

From the upstairs office there is a view to the east of a wooded park-like green belt.

The Colby Building is located to the north and east of the intersection of Colby and 41st Street in Everett. It is on the east side of Colby. It is across the street from MacDonalds.

The Colby Building is just to the north of Baskin and Robbins and Seattle Super Supplements, which are both part of a 4.35 acre parcel that is listed for around $11 million.

Sincerely,
James Robert Deal
Real Estate Attorney WSBA # 8103
Real Estate Managing Broker DOL # 27330
Commercial Real Estate Broker NMLS # 64871

 

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