Everett Redevelopment Opportunity
Former industrial facility primed for redevelopment or adaptive re-use
Marketing description
TOTAL SIZE: 17,986 SF on 7 acres
ZONING: Split zoning, MU7 in North portion, UR7 on South portion (parking lot)
• Ownership willing to demise north and south portions in separate sales
• Existing improvements include bridge cranes, 18-28 ft clear height, 16-24 ft grade-level doors, service pit, air and fluids infrastructure, heavy power, and more
• Fully paved and fenced site
• Underlying zoning allows 7-story development height with no maximum density or minimum unit size
• Everett has specific Adaptive Reuse zoning provisions offering flexibility in land use to reactivate nonperforming structures, inquire for more detail
Investment highlights
We are pleased to present this 7-acre land opportunity or adaptive re-use possibility in Everett. The site is well positioned for mixed use or residential redevelopment with no maximum density and height allowed up to 7 stories, offering views of the Puget Sound from upper floors. The property offers great proximity to employment and transit and boasts strong demographics for townhomes or a mixed-use project. The existing facility on a portion of the site could be removed or repurposed for an adaptive re-use concept. Underlying zoning supports a variety of commercial and light industrial uses. The seller is open to creative deal structures, including selling either portion of the site separately or as part of a phased transaction. Other alternative uses for the site could be institutional/education center, religious facility, public space/retail, medical, high-tech flex, office, or specialty facilities.
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