Property Details

Plans In Hand For This Shovel-Ready Mixed-Use Development Opportunity.Exceptional, Fully Entitled Mixed-Use Development Site With Approved Plans For A 96,300 Square Foot Six-Story Building In A Prime Everett, Washington Location.Project Highlights:* Plans Include 39 Apartment Or Condominium Residences, Event Center, * Two Elevators Servicing All Six Floors.* There Is 7,300 SF Dedicated To Mini-Storage Units Approved* Additional Apartment Or Condominium Units Can Be Built In Place Of Storage Units As Desired. There Are Additional Parking Spaced To Allow For This.* 56 Approved Parking Spaces Across The Bottom Two Structured Levels. * Three Existing Income-Producing Units On Site Produce $2700 And $3400 Monthly Rents. $2700 For A Residential Home And $1700 Each For Duplex Units* Flexible Design Allows For The Conversion Of Storage Space Into Additional Residential Units Up To 46, With Expanded Garage Options.Zoning & Location Amenities:* Zoned County Urban Center, Supporting Higher-Density, Mixed-Use Development* Strategically Located 10 Minutes To The Seattle Paine Field International Airport* Convenient Access To I-5 And I-405, With Direct Connectivity To Everett, Seattle, And Bellevue* Close To Shopping Centers, Restaurants, Schools, Community Services, Everett Community College, Port Of Everett, Marinas, Boeing Assembly Plant, Casinos, Golf, And Many Other Amenities, A Great Location For Families, Singles, And Retirees.Everett And Puget Sound Market Advantages:* Located In Everett, The County Seat And Largest City In Snohomish County, Part Of The Greater Puget Sound Metropolitan Area Of 4.48 Million People.* Strong Employment Base Anchored By Boeing, Naval Station Everett, Microsoft, Amazon And Many International Companies Throughout The Puget Sound Area..* 10 Minutes To The Everett Boeing Plant: Where Planes Built Include, The KC-46A, 787 Dreamliner, And 777X* Proximity To The Puget Sound Waterfront And Ongoing Downtown And Mixed-Use Revitalization Initiatives Enhanced Long-Term Value And Demand* Home of the Silvertip Hockey and Aqua Sox Baseball teams! The Puget Sound Area Are Home To The Seattle Seahawks Football And The Seattle Kraken Hockey Teams.Residential Amenities:* In-Unit Washer And Dryer* Granite Countertops* Heating And Air Conditioning In All Units* Access To A Community Event Center With A Full Kitchen, Ideal For Gatherings, Celebrations, Weddings, And Private EventsA Rare Shovel-Ready Opportunity To Deliver A Thoughtfully Designed, High-Demand Residential And Mixed Use Community In One Of Snohomish County's Most Dynamic And Well-Connected Markets.Unit Details:39 Units and 8 Additional Units with 75 Storage Units:* #21 Three Bedroom/2 Bathroom Units With 1,070 Sq/Ft* #8 Two Bedroom/1 Bathroom Units With 850 Sq/Ft* #7 Two Bedroom/1 Bathroom Units With 790 Sf/Ft* #3 One Bedroom/1 Bathroom Units With 661 Sf/Ft* #8 Units With A Total Of 75 Storage Spaces Of 100 Sf/Ft* #25 Additional parking spaces.Proforma Rents:Fully Rented $129,550 Per Month:* #21 Three Bedroom/2 Bathroom Units With 1,070 Sq Ft$3,000 Per Month = $63,000 Per Month* #8 Two Bedroom/1 Bathroom Units With 850 Sq/Ft$2,599 per month = $20,000 per month* #7 Two Bedroom/1 Bathroom Units With 790 Sq/Ft$2,400 Per Month = $16,800 Per Month Total* #3 One Bedroom/1 Bathroom Units With 661 Sq/Ft$2,000 Per Month = $6,000 Per Month Total* #8 Units With A Total Number Of 75 Storage Spaces With 100 Sf/Ft* #25 Additional Parking Spaces$200 Per Month = $5,000 Per Month Total*Don't Miss Out On This Awesome Opportunity To Own A Fully Approved Development And Mixed-Use Property With Approved Plans In A Growing Area Close To Everything! * Plans Available Upon Request!