2012 BroadwayEverett, WA 98201

For Sale
Call for price

Prime location, multi-family potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 1.12-acre property, encompassing the entire 34th block of Broadway in downtown Everett, WA, presents a unique redevelopment opportunity. Situated at the city's gateway and directly off I-5, this assemblage (APN: 00437381802901, 00437381802700, 00437381802500, 00437381802301, 00437381802200, 00437381801900, 00437381801700, 00437381802902) is undergoing rezoning as part of Everett's 2044 plan to address projected housing needs. Current proposals, approved for study, allow for the construction of 7-11+ story buildings, aligning with the city's goal of high-rise zoning (8+ stories). The Comprehensive Plan update is anticipated in the first quarter of 2024. This prime location offers significant advantages, including eligibility for Opportunity Zone incentives and access to various tax incentives and low-income housing tax credits. The property's strategic position and potential for substantial vertical development make it an attractive investment for developers seeking to capitalize on Everett's growth and evolving urban landscape. This full city block presents a rare chance to shape the future of downtown Everett. Further details on the Everett 2044 Comprehensive Plan and its alternatives are available online.

Highlights

  • Gateway redevelopment opportunity in downtown Everett, WA, ideally located off I-5.
  • 1.12-acre full city block assemblage undergoing rezoning under the Everett 2044 plan to address housing needs.
  • Potential for 7-11+ story development, supported by the City's Comprehensive Plan study.
  • Eligible for Opportunity Zone incentives.
  • Access to various tax incentives and low-income housing tax credits.

Property Details for 2012 Broadway

Property type
Multifamily properties, Apartment buildings
Lot Size (sq. ft)
48,787 SF

Location Insight

City
Everett
County
Snohomish
State
Washington
Latitude
47.9906012
Longitude
-122.2016362
2012 Broadway, Everett, Washington

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2012 Broadway
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