2017 Gibson Road Everett, WA 98204

This is a shovel-ready mixed-use development opportunity located in Everett, WA. The property features fully approved plans for a six-story building with a total area of 96,300 square feet. The project is fully entitled and ready for construction. The approved plans include 39 residential units, with the potential to expand to approximately 46 units by converting approved storage space. Additionally, there is 7,300 square feet of mini-storage space that can be converted to residential units if desired. The design incorporates two elevators and 56 structured parking spaces across two levels, with additional parking available for future flexibility. A community event center with a full kitchen is also included in the plans. The property is zoned County Urban Center, which supports high-density mixed-use development. It is situated in a prime Everett corridor, approximately 10 minutes from Paine Field Airport, with convenient access to I-5 and I-405. The location is close to Boeing, Amazon, Microsoft, Naval Station Everett, Everett Community College, and the Port of Everett, as well as shopping, dining, and marinas. Existing income-producing units generate approximately $2,700 to $3,400 per month each, providing immediate cash flow. The residential mix includes 21 three-bedroom units, 15 two-bedroom units, and 3 one-bedroom units, along with 75 storage spaces. The projected fully leased income is approximately $129,550 per month.