710 228Th St SE Bothell, WA 98021

This shovel-ready, 2-acre medical building development site benefits from 2018 UBC construction codes, offering substantial development cost savings. Approximately $4 million has been invested in permitting and entitlements. The sale includes all construction permits, drawings, architectural plans, vendor lists, and contacts. The seller is open to acting as the General Contractor during construction. A water retention vault is already in place to support the development. The property features a connecting easement between the three parcels included in the sale. Proposed development plans allow for a two-story healthcare or life science building above a secured parking garage. The two parcels to the east have a recorded connecting easement, providing excellent access to the main site. This Canyon Park location is highly desirable, situated within one block of 228th and Bothell Everett Highway, as well as I-5 on/off ramps. Located in a rapidly growing area of Bothell, the average household income exceeds $144,000 within a 1-mile radius. The location is also near the University of Washington - Bothell and various biotech, life science, and healthcare companies. The property is in the final stages of permitting, with a submarket vacancy rate of less than 3% and the highest traffic location within the Bothell City Limits. The $4 million in entitlements and permit fees cover traffic mitigation, stormwater vaults, curb and gutters, and engineers.