3830 Colby Ave Everett, WA 98201

This exceptional investment opportunity presents a 0.31-acre commercial property located at 3830 Colby Avenue in Everett, Washington, currently priced at $2,890,000. The property encompasses four lots and two tax parcels, offering significant development potential. Approved plans are in place for a seven-story mixed-use building comprising 54 residential units and two commercial office spaces. This project is shovel-ready, meaning it's prepared for immediate construction, pending permit payment. The building design incorporates a thoughtfully planned three-entrance garage for optimal space utilization, accessible from Colby Avenue, 39th Street, and an alleyway. The property's urban location offers convenient access to public transportation, with a bus stop directly in front. It's also within close proximity to downtown Everett, Interstate 5, various shops, and restaurants. The existing structure is currently used as a medical building (dentistry), presenting a potential business opportunity. This could involve leasing the existing practice, collaborating with the current tenant, or establishing a separate off-site agreement. Detailed plans and specifications are available upon request. The building boasts beautiful views, making it an attractive proposition for both residents and businesses. This is a rare chance to acquire a prime development site in a thriving urban area.