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Property profile & analytics
OFF-MARKET
Outlet malls

3204 Pacific Ave Everett, WA 98201

2,270 SF 1.26 ac lot Built 1969
Entity Owned 21-yr Hold ~ Est. High Equity
Property ID
US90-3247386
Property summary
AI-generated overview

This exceptional 5.77-acre commercial development site presents a unique investment opportunity in Everett, WA. Strategically located at 3204 Pacific Avenue, this property boasts an enviable I-5 Gateway location (Exit 193), providing unparalleled visibility and accessibility. The site is just six blocks from the future light rail station, ensuring convenient transit options for employees and customers. Currently zoned MU, L1, this versatile property allows for a wide range of uses, including industrial, business, commercial, and multifamily developments. Existing shop and office buildings are on the site, offering potential for immediate income or redevelopment. All essential utilities—sewer, water, and power—are readily available. The property comprises five tax parcels and offers breathtaking riverfront and mountain views. Adding to its appeal is the availability of maritime use and a barge facility. For developers seeking flexibility, the property is divisible into two 2-acre parcels, allowing for tailored development plans. This prime location, combined with its diverse zoning and utility access, makes this an exceptional opportunity for significant commercial growth. The property's size and location make it ideal for a variety of large-scale projects.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1969
Construction TYPE NOT SPECIFIED
Total area 2,270 SF
Lot 1.26 ac (54,886 SF)
Zoning code F8
APN 29052900100700
UPID US90-3247386
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Snohomish River Properties LLC · 21 yrs held
Snohomish River Properties LLC
since 2004
6 recorded transactions
2004
$2.3M
1991
$1.1M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
F8 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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