0 Bickford AveSnohomish, WA 98290

This exceptional 12.42-acre commercial land parcel in Snohomish County, WA (APN 28050100402700), presents a unique investment opportunity. Located on Bickford Ave, 98290, across from a major retail center, this property boasts unparalleled visibility and accessibility. The site plan includes approvals for a substantial 187,000 sq ft, four-story, 217-bed substance abuse treatment facility (BLA approved). This approved plan also incorporates a residential component, permitting 29 single-family homes with a clubhouse. Further development potential exists with zoning for over 900 mini-storage units. The property comprises four tax parcels and offers significant advantages: all necessary utilities (power, water, sewer, gas, and cable) are readily available on-site. Extensive permitting and approvals are already in place, including SEPA, Hearing Examiner approval, critical area approval, HPA for a bridge, and DOE stormwater approval. The approved site plan is ready for immediate implementation, streamlining the development process. Financial projections, based on a 200-bed operational capacity, indicate substantial annual gross income potential exceeding $21,909,600, factoring in inpatient and outpatient services. This prime location and comprehensive approvals make this a truly remarkable investment prospect. The property is offered at $10,500,000.