2813 Marine View DrEverett, WA 98201

  • Retail properties
  • 4,753 SF
For Sale
$1,500,000 View listing

Property Details for 2813 Marine View Dr

Year built
1950
Construction
TYPE NOT SPECIFIED
Lot size
0.14 AC
Property size (Sq ft)
4,753 SF
Zone code
F8
Property type
Retail properties
Property subtype
Auto shops
APN
439167100700
APU
439167100700

Description

This exceptional 0-acre commercial lot, located at 2813 W Marine View Drive in Everett, WA, presents a unique investment opportunity. Priced at $1,500,000, this property boasts stunning views of Port Gardner Bay and the Olympic Mountains, offering breathtaking sunsets. Situated in Everett's Metro area, a designated regional growth center for the city and Snohomish County, this MU (Mixed Urban) zoned lot allows for a seven-story building. The potential for a mixed-use development, such as retail on the ground floor with residential units above, is significant. Incentives may be available from the city for incorporating green building practices, providing affordable housing, or including public parking to allow for taller structures. The property's convenient location offers easy access to the Everett Co-op, public library, vibrant waterfront amenities (restaurants, parks, and Jetty Island), downtown Everett's shops and restaurants, and major transportation arteries like Highway 529 and Interstate 5. This is an unparalleled chance to be part of Everett's exciting redevelopment and capitalize on its growth potential. The property is being sold as-is.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,884,613
    6.5%
    $1,739,642
    7%
    $1,615,382
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,640,858
    Geo Method
    $2,306,638
  • Alternative Use

    Use
    Valuation
    Residential
    $1,467,454
    Hospitality
    $1,344,180
    Educational
    $1,118,342
    Medical
    $1,156,803
    Retail
    $1,739,642
2813 Marine View Dr, Everett, Washington
Leaflet | © OpenStreetMap contributors

Location Insight

City
Everett
County
Snohomish
State
Washington
Latitude
47.9801
Longitude
-122.214
CBSA code
42660
CBSA name
SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,878
$350,000
$244,000
$594,000
-
$350,000
$244,000
$594,000

FAQs

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