Current Use by Public Records
- Land
Property Details for 2012 Broadway
- Lot size
- 1.12 lot acres
- Property type
- Land
- Property subtype
- High-rise multifamily apartments
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Everett
- County
- Snohomish
- State
- Washington
- Longitude
- -122.202
- Latitude
- 47.9906
