1301 Broadway Ave
- Potential option to retain sellers development company to fee build townhomes if desired
- Open to seller-financing conversation on case-by-case basis
Property Description
The Broadway Land Assemblage: strategically located near Washington State University's Everett Campus, Providence Regional Medical Center, Seattle Children's North Clinic, and Everett Community College is a three-parcel development opportunity zoned MU15. The assemblage lies in one of the very few Qualified Opportunity Zones in the region providing access to capital gains and tax deferral benefits. Additionally, Everett expanded its SEPA categorical exemptions for multifamily development as of 2026 allowing up to 200 dwelling units to be exempt from State Environmental Policy Act review when located in UR4 and MU zones. Permit applications are ready to submit for a 15-unit townhome development on 1301 & 1305, with a 14-unit option feasible as well for more cohesive scaling across additional parcels. Depending on desired unit sizes and project viability, an estimated 14--28 townhomes can be built over three to four contiguous parcels.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,595,000 |
| No. of Units: | 2 |
| Year Built: | 1926 |
| Lot Size: | 0.28 Acres |
| Opportunity Zone: | No |
| Price per unit: | $797,500 |
| Property Website | Click Here |
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