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2602 Grand Ave 2,112 SF Office Building Everett, WA 98201 $699,950 ($331.42/SF)
Investment Highlights
- Situated in the Bayside neighborhood of Everett, a walkable and historically rich district overlooking Possession Sound and the Olympic Mountains.
- Prime for a multi-family or redevelopment project under Everett’s Comprehensive Plan
- Dining, theatre, library, and waterfront trails within walking distance.
- Previously an office space with original elements like exposed brick, tall ceilings, and large windows. Currently a blank canvas in need of renovation
- Close to downtown Everett amenities, Everett Marina, Naval Station Everett, Providence Regional Medical Center, Boeing, I-5, and public transportatio
Executive Summary
A rare opportunity on one of Everett's most storied streets. This 2,400 sq ft building, constructed in 1920, sits on a 6,098 sq ft street-to-alley lot in the heart of the Bayside neighborhood - a walkable, historically rich district along the bluffs overlooking the Sound. The building retains its original character: exposed brick, generous ceiling heights, and abundant natural light from large windows. Previously used as office space, the footprint is open and adaptable. Whether you're an investor, developer, or end-user with a vision, this property offers a blank canvas with serious bones. Zoned R5, which permits mid-rise residential development up to five stories, the street-to-alley parcel is well-positioned for a ground-up multifamily project. Combined with Everett's 2044 Comprehensive Plan - effective July 2025 and expanding density allowances across the downtown core - this is a site worth running numbers on. Buyers should confirm current development standards directly with the City of Everett Planning Department. Grand Avenue runs along the western bluff of Bayside, with views of Possession Sound, the Everett Marina, Naval Station Everett, and the Olympic Mountains on clear days. Grand Avenue Park is steps away. Downtown Everett - restaurants, the Historic Everett Theater, Angel of the Winds Arena, Carnegie Library - is all walkable. Providence Regional Medical Center, I-5, and Boeing / Paine Field are all within minutes. Sold as-is.
Property Facts
Sale Type
Owner User
Property Type
Building Size
2,112 SF
Building Class
B
Year Built
1920
Price
$699,950
Price Per SF
$331.42
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,056 SF
Building FAR
0.35
Lot Size
0.14 AC
Zoning
R5, Everett - allowing mid-rise residential development (up to five stories).
Parking
6 Spaces (2.84 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 004391-616-029-00 | Improvements Assessment | $132,100 |
| Land Assessment | $350,900 | Total Assessment | $483,000 |
Property Taxes
Parcel Number
004391-616-029-00
Land Assessment
$350,900
Improvements Assessment
$132,100
Total Assessment
$483,000
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2602 Grand Ave
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