3202-3228 McDougall Ave Everett, WA 98201

Building Details

Year Built

1955

Listing agency Seattle Office c***@marcusmillichap.com Show Phone

Listed by Clayton J. Brown · License #License(s): WA: 123258, ID: SP56979 Show Phone

Source Marcusmillichap

Added: Apr 3 Updated: Jul 10 at 1:15PM Checked: Jul 22 at 2:11AM

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Investment Insights

Based on property information with market context.

This industrial property in Everett, Washington, presents an opportunity for owner-users or value-add investors. The property is currently occupied by two tenants, each with lease provisions allowing termination on 180 days’ notice. This provides flexibility to maintain existing income, reposition the asset, or occupy the building. The property is zoned Mixed Urban (MU), one of Everett’s most flexible and desirable zoning designations, allowing for a broad range of uses, including commercial, office, residential, and mixed-use development. The property is strategically located along Everett’s primary north–south corridor with immediate access to Interstate 5, providing strong visibility, regional connectivity, and commuter accessibility. The surrounding trade area is supported by affluent demographics, with a population exceeding 132,000 residents within a five-mile radius and average household incomes in excess of $102,000. The property is located in Washington State, which offers no personal income tax.

Key Highlights

• Exceptional flexibility for owner‑user or value‑add investment with tenant lease termination options (180 days’ notice).
• Below‑market rents offer embedded rent growth and NOI expansion potential.
• Strategic location along Everett’s primary corridor with immediate I‑5 access.

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FAQs

What type of property is this?

Warehouse - Industrial property in Everett, Washington, with flexible zoning.

Where is this warehouse located?

The property is located at 3202-3228 McDougall Ave Everett, WA.

What are key features of this property?

This property features: Exceptional flexibility for owner‑user or value‑add investment with tenant lease termination options (180 days’ notice).; Below‑market rents offer embedded rent growth and NOI expansion potential.; Strategic location along Everett’s primary corridor with immediate I‑5 access.