3200 Rucker AveEverett, WA 98201

Property Details for 3200 Rucker Ave

Year built

1995

Lot size

0.27 AC

Zone code

F6

Property type

Retail properties

Property subtype

Other automotive properties

APN

437577002900

APU

437577002900

Description

This exceptional commercial property, situated on a prominent corner lot at 3200 Rucker Avenue in Everett, WA, presents a unique investment opportunity. Spanning 0.41 acres (17,859 square feet), the property comprises two tax parcels currently utilized as a car dealership. Its strategic location offers unparalleled access to major transportation arteries, including I-5 and Highway 529, ensuring seamless connectivity throughout the region. The property benefits from its proximity to key landmarks such as the Angel of the Winds Arena, Everett Naval Station, and Paine Field, enhancing its visibility and appeal. Zoned Mixed Urban (MU), this site boasts significant future development potential, allowing for a maximum building height of six floors. Furthermore, its location on a Transit Oriented Development (TOD) designated street within Metro Everett underscores its suitability for a variety of commercial ventures. This prime Everett location offers a rare blend of accessibility, visibility, and development potential, making it an ideal investment for discerning buyers seeking a high-return opportunity in a thriving urban environment. The property's current use as a car dealership provides a solid foundation for future development or continued operation in a similar capacity. The substantial lot size and favorable zoning regulations create a compelling proposition for investors seeking to capitalize on Everett's dynamic commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $4,663,356

  6.5%

  $4,304,636

  7%

  $3,997,162

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,009,075

  Geo Method

  $5,707,632

• Alternative Use

  Use

  Valuation

  Residential

  $3,631,122

  Hospitality

  $3,326,088

  Educational

  $2,767,266

  Medical

  $2,862,437

  Retail

  $4,304,636

Location Insight

City

Everett

County

Snohomish

State

Washington

Latitude

47.9749

Longitude

-122.212

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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