JAMES ROBERT DEAL
REAL ESTATE ATTORNEY
REAL ESTATE MANAGING BROKER
COMMERCIAL MORTGAGE BROKER
eXP Realty 425-774-6611
James@JamesDeal.com

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

I represent the seller as attorney and broker.

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

The video on YouTube is very informative. However, this video was made before some of the walls were taken down. What happened is that the roof leaked. The walls in some areas had to be taken down to the studs so that the areas could be dried out. They were dried out, and a new roof was put on.

This building is for sale for $650,000. Seller financing might be considered.

The reason why the sale price and the lease price are so reasonable is that the building needs $50,000 or more in cleanup and upgrades.

The property is being sold strictly as-is. The buyer should conduct a thorough inspection.

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 would take care of that expense.

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. So there would need to be a trust relationship between the buyer or renter and any sub-renter.

The Landlord would consent to a tenant completely removing the loading bay, as a part of an overall upgrade.

The rear of the building faces east. There are five parking spaces there. There is a lot of free parking in the neighborhood. There is a vast parking lot on the commercial lot to the north, which is mostly empty because the buildings are mostly empty. These empty spaces could be rented by the buyer or renter.

From the upstairs office on the east end of the building 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 Mortgage Broker NMLS # 64871
425-774-6611
James@JamesDeal.com

Sincerely,

James Robert Deal
Real Estate Attorney & Real Estate Managing Broker
eXp Realty
James@JamesDeal.com
PO Box 2276 Lynnwood WA 98036
Law Office Line: 425-771-1110
Broker Line: 425-774-6611
KW Everett Office Line: 425-212-2007
Fax: 425-776-8081

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