710 228Th St SE Bothell, WA 98021

This shovel-ready medical building development site falls under the 2018 UBC construction codes, resulting in substantial development cost savings. Approximately $4 million in permitting and entitlements have already been incorporated. The sale of this property includes all construction permits, drawings, and architectural plans, as well as vendor lists and contacts. The seller would consider acting as the general contractor during construction. A water retention vault is in place to accommodate development. The property has a connecting easement between the three parcels for sale. The proposed development plans permit a two-story healthcare or life science building over a secured parking garage. The two parcels to the east have a recorded connecting easement which provides access to the main site. This Canyon Park location is within 1 block of 228th and Bothell Everett Highway, as well as I-5 on/off ramps. Located in one of the fastest growing areas in the city of Bothell, the average household income exceeds $144,000 within a 1-mile radius of the subject property. This location also has close proximity to the University of Washington - Bothell and various biotech, life science, and health care companies. It is a professional office/medical building development site 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 development falls under 2018 UBC codes, resulting in significant development cost savings. $4 million has been spent on entitlements and permit fees for traffic mitigation, stormwater vaults, curb and gutters, and engineers.