3500 Callow RdLake Stevens, WA 98258

  • Residential income properties
  • 3.71 AC
For Sale
$1,850,000 View listing

Property Details for 3500 Callow Rd

Lot size
3.71 AC
Property type
Residential income properties
Property subtype
Other land

Description

This exceptional 3.71-acre property in Lake Stevens, Washington, presents a remarkable opportunity for multi-family development. Located at 3500 Callow Rd, 98258, this site is zoned R8-12 (High Urban Residential), offering significant potential for a high-density residential project. A substantial 2.15 acres are usable for development. The property's strategic location offers easy access to major employment centers, including downtown Seattle (approximately 25 minutes away) and Everett (approximately 10 minutes away), home to a large Amazon fulfillment center and Microsoft facilities. Lake Stevens boasts a highly-rated school system and a desirable community, further enhancing the property's appeal. Across the street, a DR Horton development features homes priced between $800,000 and $1,000,000, indicating strong market demand. A proposed townhouse development plan envisions approximately 35 units. Comprehensive due diligence materials are available for review, including geotechnical reports, traffic studies, critical areas reports, preliminary drainage reports, and the hearing examiner's decision, along with any relevant engineering documents. The seller is open to creative financing options, including seller financing, trades, and joint ventures. This is an exceptional opportunity to acquire a well-situated, high-potential development site in a thriving community. The asking price is $1,850,000.

3500 Callow Rd, Lake Stevens, Washington

Location Insight

City
Lake Stevens
County
Snohomish
State
Washington
Latitude
48.0276
Longitude
-122.091

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