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Shy 2.5 Acre Development Site
For Sale
$699,950
Pending

23004 Bothell Everett Hwy, Bothell, WA 98021

Apartment/condominium site near I-405 with flexible zoning.

Property SizeContact for details
Days on Market1165

Property Features for 23004 Bothell Everett Hwy

General Information

Standard status Pending
Property subtype Commercial
Listing Agency: WINDERMERE R.E. NORTHEAST, INC
Listed By: KEVIN DONOVAN
Source: Corcoran
Added: Jun 2, 2023 Changed: Aug 8 Last Checked: Aug 8 at 12:03PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WINDERMERE R.E. NORTHEAST, INC

Investment Insights

Based on property information with market context.

Located on Bothell-Everett Hwy at the SW corner of 228th St SE, approximately 0.4 miles from I-405, this site totals approximately 2.49 acres. The property is zoned with no upper limit on density, allowing for attached or detached residential development. The site includes two separate tax parcels and an older occupied 1901 house. It is estimated that 30,000 to 40,000 square feet are dry and outside of any wetland setbacks, with approximately 50% wetlands. The property benefits from an excellent paved ingress/egress easement and all utilities available to the property. Adjacent Canyon Park businesses include PCC, QFC, Five Guys, and Mod Pizza. Zoning R-AC, OP, CB allows for a multitude of uses including multifamily, residential, business, office, mixed-use. It could be possible to rehab the existing house and sell it separately with a Boundary Line Adjustment (BLA).

Key Highlights

  • Zoned with no upper limit on density, allowing for high‑density apartment/condominium development.
  • Excellent location on Bothell‑Everett Hwy near I‑405 and adjacent to Canyon Park businesses.
  • Multiple zoning designations (R‑AC, OP, CB) permit a multitude of uses including multifamily, residential, business, office, and mixed‑use.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Law Firm Auto Repair Shop Storage Facility Building Supply Furniture & Home Goods HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

852
Businesses Nearby

Demographics for 98021, WA

34,001
Population
12,629
Households
2.7
Avg Household Size
38
Median Age
60%
College-Educated
96%
High-School Grad
10.1 sq mi
ZIP Area
3,366
Density / Sq Mi
$172,559
Median Household Income
$88,673
Median Earnings
$2,537
Median Rent
$902,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Apartment/condominium site near I-405 with flexible zoning.
Where is this residential land & home lot located?
The property is located at 23004 Bothell Everett Hwy Bothell, WA.
What is the asking price?
The asking price for this property is $699,950.
What are key features of this property?
This property features: Zoned with no upper limit on density, allowing for high‑density apartment/condominium development.; Excellent location on Bothell‑Everett Hwy near I‑405 and adjacent to Canyon Park businesses.; Multiple zoning designations (R‑AC, OP, CB) permit a multitude of uses including multifamily, residential, business, office, and mixed‑use.
More about this property
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