823 2Nd St Mukilteo, WA 98275
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 823 2Nd St
- Year built
- 1940
- Property type
- Commercial real estate
Description
This exceptional mixed-use property, located at 823 2nd Street in downtown Mukilteo, Washington, presents a unique investment opportunity. Currently zoned for mixed-use development, this 0-acre lot offers breathtaking views and unparalleled potential. The existing 2,442 square foot structure is accessible by request only, with the primary value residing in the land itself. The seller is actively pursuing permits for a 6-7 unit townhouse project, showcasing the feasibility of various development scenarios. Illustrative renderings demonstrate the potential for a 14-unit apartment or condominium building with structured parking and commercial space, or an alternative 8-unit townhouse development. This flexibility allows for a wide range of development options, catering to diverse investment strategies. The property's prime location in downtown Mukilteo ensures high visibility and accessibility. Buyers are encouraged to conduct their own due diligence to verify all aspects of the property and its potential uses. This is a rare chance to acquire a highly desirable property in a thriving community, with the ability to shape its future development. The asking price is $1,300,000. Act now to secure this exceptional opportunity.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mukilteo
- County
- Snohomish
- State
- Washington
- Longitude
- -122.3006
- Latitude
- 47.9474
