Property profile

2813 Marine Vw Dr Everett, WA 98201

OFF-MARKET
Auto shops
Property ID
US90-0305777
4,753 SF 0.14 ac lot Built 1950
Individually Owned 24-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0-acre commercial lot, located at 2813 W Marine View Drive in Everett, WA, presents a unique investment opportunity. Priced at $1,500,000, this property boasts stunning views of Port Gardner Bay and the Olympic Mountains, offering breathtaking sunsets. Situated in Everett's Metro area, a designated regional growth center for the city and Snohomish County, this MU (Mixed Urban) zoned lot allows for a seven-story building. The potential for a mixed-use development, such as retail on the ground floor with residential units above, is significant. Incentives may be available from the city for incorporating green building practices, providing affordable housing, or including public parking to allow for taller structures. The property's convenient location offers easy access to the Everett Co-op, public library, vibrant waterfront amenities (restaurants, parks, and Jetty Island), downtown Everett's shops and restaurants, and major transportation arteries like Highway 529 and Interstate 5. This is an unparalleled chance to be part of Everett's exciting redevelopment and capitalize on its growth potential. The property is being sold as-is.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1950
Construction TYPE NOT SPECIFIED
Total area 4,753 SF
Lot 0.14 ac (6,098 SF)
Zoning code F8
APN 439167100700
UPID US90-0305777

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply General Contractor

Location

2813 Marine Vw Dr Everett, WA 98201-3423
Everett metro Census 40800 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2001
5 recorded transactions
2001
$350,000
2000
$250,000
1995
$165,000
1995
$120,952
1969
Price N/A

Zoning & alternative use

F8 · Everett, WA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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