Property Details

1301 Broadway Ave

Everett, WA 98201

$1,595,000

Available

CBA# 713101 courtesy of CBA Listing firm: Capstone Commercial Real Estate Advisors

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I’d like more information about 1301 Broadway Ave, Everett, MLS# 713101

Office / Retail

Property Type

1,062

Bldg Sq Ft

6.00%

Cap Rate

1908

Year Built

Property Overview

*Call Broker for information on contract rights to adjacent parcels *QOZ- Opportunity Zone *Potential Seller Financing Available *Permit ready for 15 townhomes-Seller will take through permitting if desired *Seller open to fee building townhomes for buyer Build as tall as 15 stories or 160' with the recently up-zoned MU15 designation. Early feasibility studies suggest potential multifamily development projects from 40-90+ units are possible with podium-style 5/1 or 5/2 construction with ample parking and water/mountain/cityscape views. Type 1 construction within the MU15 zoning allows for a theoretical maximum yield of 420-480 units over 3+ parcels. No minimum parking required. Density controlled by height (not units per acre). MFTE eligible to enhance financing and provide additional long-term exemptions. SEPA exemption eligible. Qualified Opportunity Zone location along Transit Corridor offering access to potential capital gains and tax deferral benefits. Currently ready to submit permits for a 14-unit or 15-unit option townhome project. Email Broker for DD/Feasibility access. Call/Email Broker for information or site-walks. View with discretion.