3204 Pacific Ave Everett, WA 98201
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
F8 · Everett, WACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.