2813 Marine View DrEverett, WA 98201

Property Details for 2813 Marine View Dr

Year built

1950

Construction

TYPE NOT SPECIFIED

Lot size

0.14 AC

Property size (Sq ft)

4,753 SF

Zone code

F8

Property type

Retail properties

Property subtype

Auto shops

APN

439167100700

APU

439167100700

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,884,613

  6.5%

  $1,739,642

  7%

  $1,615,382

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,640,858

  Geo Method

  $2,306,638

• Alternative Use

  Use

  Valuation

  Residential

  $1,467,454

  Hospitality

  $1,344,180

  Educational

  $1,118,342

  Medical

  $1,156,803

  Retail

  $1,739,642

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

Property Tax & Assessments

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