About this property

Shovel-ready mixed-use development opportunity in Everett, WA with fully approved plans in hand for a 96,300 SF six-story building. Fully entitled and ready to build, the project includes 39 residential units with flexibility to expand to ~46 units by converting approved storage space, plus 7,300 SF of mini-storage that can also be converted to residential if desired. Designed with two elevators, 56 structured parking spaces across two levels, and additional parking for future flexibility. A community event center with full kitchen is also included. Zoned County Urban Center, the site supports high-density mixed-use development in a prime Everett corridor just 10 minutes from Paine Field Airport with quick access to I-5 and I-405. Close to Boeing, Amazon, Microsoft, Naval Station Everett, Everett Community College, and the Port of Everett, plus shopping, dining, and marinas. Existing income-producing units generate approximately $2,700–$3,400/month each, providing immediate cash flow. Residential mix includes 21 three-bedroom units, 15 two-bedroom units total, and 3 one-bedroom units, plus 75 storage spaces. Projected fully leased income is about $129,550/month. A rare chance to acquire a fully approved, shovel-ready project in a strong growth market with plans included.