This exceptional 0-acre commercial lot, located at 2813 W Marine View Drive in Everett, WA, presents a unique investment opportunity. Priced at $1,500,000, this property boasts stunning views of Port Gardner Bay and the Olympic Mountains, offering breathtaking sunsets. Situated in Everett's Metro area, a designated regional growth center for the city and Snohomish County, this MU (Mixed Urban) zoned lot allows for a seven-story building. The potential for a mixed-use development, such as retail on the ground floor with residential units above, is significant. Incentives may be available from the city for incorporating green building practices, providing affordable housing, or including public parking to allow for taller structures. The property's convenient location offers easy access to the Everett Co-op, public library, vibrant waterfront amenities (restaurants, parks, and Jetty Island), downtown Everett's shops and restaurants, and major transportation arteries like Highway 529 and Interstate 5. This is an unparalleled chance to be part of Everett's exciting redevelopment and capitalize on its growth potential. The property is being sold as-is.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,495,210
6.5%
$1,380,200
7%
$1,281,610
Comparable approach
Method
Valuation
Relative Method
$1,502,580
Geo Method
$951,946
Alternative Use
Use
Valuation
Industrial / Distribution
$2,722,990
Mixed-Use / Specialty
$1,362,560
Hospitality / Lodging
$983,111
Office
$1,341,220
Institutional / Educational
$1,411,970
Residential Income
$1,652,000
Multifamily
$2,051,820
Automotive / Energy
$1,210,260
Parking / Income-Based Land
$430,209
Restaurant / Food Service
$681,539
Healthcare / Senior Housing
$1,410,320
Location Insight
City
Everett
County
Snohomish
State
Washington
Latitude
47.9801
Longitude
-122.214
CBSA code
42660
CBSA name
SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Marine View Dr Everett, WA 98201
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Marine View Dr Everett, WA 98201
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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