2017 Gibson Rd Everett, WA 98204

This is a shovel-ready mixed-use development opportunity in Everett, WA, featuring fully approved plans for a 96,300 square foot, six-story building. The project is fully entitled and ready for construction, including 39 residential units with the potential to expand to approximately 46 units by converting approved storage space. Additionally, there are 7,300 square feet of mini-storage, which can also be converted into residential units if desired. The design incorporates two elevators, 56 structured parking spaces across two levels, and additional parking for future flexibility. A community event center with a full kitchen is also included. Zoned County Urban Center, the site supports high-density mixed-use development in a prime Everett corridor, located just 10 minutes from Paine Field Airport and with quick access to I-5 and I-405. The property 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.