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Vacant-User

3001 Broadway

3001 Broadway, Everett, WA 98201

Listing Price: $1,015,000

Gross SF
4,412
Rentable SF
4,412
Price/Gross SF
$230.05
Lot Size
0.27 acres
Year Built
1967

Investment Overview

11,761 sf corner parcel with 6,618 sf building in Downtown Everett. Opportunity Zone site with zoning allowing for multi-family structures up to 12-25 stories.

Investment Highlights

  • 2nd Generation Restaurant: 6,618 sf building formerly occupied by a restaurant with some equipment available to new buyer.
  • Prime Downtown Location: Located in the heart of Downtown Everett and easily accessible to I-5 and Highway 2.
  • Signalized Corner Intersection: Situated at the signalized intersection of Broadway and Wall Street with combined traffic counts of 23,500 VPD.
  • Strong Underlying Zoning: Mixed Urban (MU) zoning allows for mixed-use residential structures with height limits from 12 – 25 stories.
  • Below Replacement Cost: At $149.59/sf, the property is priced significantly below the cost of replacement.
  • Opportunity Zone Site: Located in an Opportunity Zone, providing tax deferrals and capital gain elimination for investors who purchase the asset through an Opportunity Fund.
  • Future Light Rail: The Sound Transit Light Rail will provide connectivity from Everett to Lynnwood, Seattle and SeaTac Airport.

Exclusively Listed By

Listing Price: $1,015,000

Gross SF
4,412
Rentable SF
4,412
Price/Gross SF
$230.05
Lot Size
0.27 acres
Year Built
1967

Investment Highlights

  • 2nd Generation Restaurant: 6,618 sf building formerly occupied by a restaurant with some equipment available to new buyer.
  • Prime Downtown Location: Located in the heart of Downtown Everett and easily accessible to I-5 and Highway 2.
  • Signalized Corner Intersection: Situated at the signalized intersection of Broadway and Wall Street with combined traffic counts of 23,500 VPD.
  • Strong Underlying Zoning: Mixed Urban (MU) zoning allows for mixed-use residential structures with height limits from 12 – 25 stories.
  • Below Replacement Cost: At $149.59/sf, the property is priced significantly below the cost of replacement.
  • Opportunity Zone Site: Located in an Opportunity Zone, providing tax deferrals and capital gain elimination for investors who purchase the asset through an Opportunity Fund.
  • Future Light Rail: The Sound Transit Light Rail will provide connectivity from Everett to Lynnwood, Seattle and SeaTac Airport.

Investment Overview

11,761 sf corner parcel with 6,618 sf building in Downtown Everett. Opportunity Zone site with zoning allowing for multi-family structures up to 12-25 stories.

Exclusively Listed By

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