2821 W Marine View Dr
Everett, WA 98201
West Marine View Drive Development Site · Retail Property For Sale

Newmark Knight Frank is pleased to present the West Marine View Drive Development Site, a 0.28-acre to 0.42-acre property comprised of two to four contiguous parcels in the vibrant submarket of Everett, Washington. Currently zoned Urban-Mixed (UM) and being rezoned in the fall to Mixed-Urban (MU), the property may be used for a mix of residential or commercial. This is a great opportunity to develop a commercial property in a budding neighborhood that offers walkable access to several natural areas as well as a variety of convenient businesses, household name retailers, and restaurants. Investment Highlights Location - This development site has a tremendous location off West Marine View Drive and Hewitt Avenue, just blocks from the scenic Puget Sound. Additionally, this site has upwards of 13,440 vehicles per day passing by the property, which is roughly a mile away from Interstate 5. Employment - From 2018 to 2019, employment levels in Snohomish County have increased by 4.6%, while the unemployment rate has decreased to a low 2.4%. Snohomish counties’ largest city, Everett, is well known for having the United States largest aerospace company, Boeing. The Boeing Everett headquarters is located at Paine Field just a 15-minute drive Southwest from the property. Additionally, just a mile up the road along West Marine View Drive is the Everett Naval Station, a Port that currently accounts for roughly 6,000 jobs. Light Rail Expansion - With the recent growth of the Seattle metro over the past decade, the expansion of mass public transit has become more and more crucial. Sound Transit is planning on beginning construction on the Everett light rail in 2030 and will reach completion by 2036. The light rail trip from Everett to downtown Seattle is expected to take around 60 minutes. Sound Transit is currently beginning the expansion of the Link to Lynnwood and Federal Way, which should be completed by 2024. Port of Everett Undergoing $635M Facelift - Everett is currently working on revitalizing the port’s waterfront to attract more millennials and young families to the area. The completed development will include about 660 residences, up to seven fine dining restaurants, a 142-room waterfront hotel, 400,000 square feet of office space, and 60,000 square feet. The completed project is expected to bring over 2,000 new jobs to the region.