Downtown Everett Multi-family Redevelopment Opportunity

Description:

Parcel Numbers:
00437381802901 00437381802700 00437381802500 00437381802301 00437381802200 00437381801900 00437381801700 00437381802902

Strategic Development Opportunity in Downtown Everett


Unlock the full potential of this prime city block at the gateway to Downtown Everett, now zoned MU15 for up to 15 stories under the recently adopted Everett 2044 Comprehensive Plan. This is a rare and strategic opportunity to shape the future of one of Washington’s fastest-growing urban hubs.

Unmatched Location & Connectivity:
Positioned just off I-5 and within walking distance of the Everett Station—home to Amtrak, Sounder, and regional bus service—this property also sits just a few blocks south of the future Light Rail Station at Pacific Ave and Broadway, ensuring seamless access throughout the Puget Sound region.

Major Public Investments All Around:
Just one block north across Broadway, the new multi-use stadium slated to host the Everett AquaSox (MiLB) and a new USL pro soccer team is poised to transform the area into a destination for entertainment, sports, and civic pride.

In the Heart of Everett’s Urban Transformation:
As part of the Opportunity Zone, this site comes with potential federal tax incentives, making it even more attractive for investors and developers. With Everett experiencing a surge in demand for housing, this property is ideally positioned to deliver high-density residential, mixed-use, or commercial product that supports the city's growth targets.

Live. Work. Play. Thrive.
With zoning in place, public infrastructure expanding, and demand rising, this full block presents a once-in-a-generation chance to build something iconic at the entrance to a city on the rise. Everett is rapidly evolving into a vibrant community where people want to live, work, and play—and this site is perfectly placed to be at the center of it all.

Capitalize now on Everett’s momentum and the comprehensive support for urban development that makes this one of the most compelling infill opportunities in the Puget Sound region.




Helpful Links:
Opportunity Zone - https://www.economicalliancesc.org/business/site-selectors/opportunity-zones
Tax Incentives - https://www.everettwa.gov/2363/Taxes-and-Incentives

Low-Income Housing Tax Incentives - https://www.wshfc.org/mhcf/9percent/index.htm

Opportunity Zone Incentive - https://www.commerce.wa.gov/programs/

Zoning Map - https://everettwa.maps.arcgis.com/apps/instant/media/index.html?appid=dffcb16ab253442694b6c61d03638beb

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