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    2012 Broadway Everett, WA 98201

    Sponsored
    For Sale
    Contact for pricing

    Prime location, multi-family potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.12-acre property, encompassing the entire 34th block of Broadway in downtown Everett, WA, presents a unique redevelopment opportunity. Situated at the city's gateway and directly off I-5, this assemblage (APN: 00437381802901, 00437381802700, 00437381802500, 00437381802301, 00437381802200, 00437381801900, 00437381801700, 00437381802902) is undergoing rezoning as part of Everett's 2044 plan to address projected housing needs. Current proposals, approved for study, allow for the construction of 7-11+ story buildings, aligning with the city's goal of high-rise zoning (8+ stories). The Comprehensive Plan update is anticipated in the first quarter of 2024. This prime location offers significant advantages, including eligibility for Opportunity Zone incentives and access to various tax incentives and low-income housing tax credits. The property's strategic position and potential for substantial vertical development make it an attractive investment for developers seeking to capitalize on Everett's growth and evolving urban landscape. This full city block presents a rare chance to shape the future of downtown Everett. Further details on the Everett 2044 Comprehensive Plan and its alternatives are available online.

    Property Features for 2012 Broadway

    General Information

    Property type
    Multifamily properties
    Lot Size
    48,787 SF

    HighLights

    • Gateway redevelopment opportunity in downtown Everett, WA, ideally located off I‑5.
    • 1.12‑acre full city block assemblage undergoing rezoning under the Everett 2044 plan to address housing needs.
    • Potential for 7‑11+ story development, supported by the City's Comprehensive Plan study.
    • Eligible for Opportunity Zone incentives.
    • Access to various tax incentives and low‑income housing tax credits.
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Snohomish
    State
    Washington
    Longitude
    -122.2016362
    Latitude
    47.9906012

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    FAQs

    What type of property is this?
    Multifamily property - Prime location, multi-family potential.
    Where is this multifamily property located?
    The property is located at 2012 Broadway Everett, WA.
    What are key features of this property?
    This property features: Gateway redevelopment opportunity in downtown Everett, WA, ideally located off I-5.; 1.12-acre full city block assemblage undergoing rezoning under the Everett 2044 plan to address housing needs.; Potential for 7-11+ story development, supported by the City's Comprehensive Plan study.
    (425) 478-7546
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    2012 Broadway Everett, WA 98201
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    Everett, WA 98201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2012 Broadway Everett, WA 98201
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