11321 Hwy 99 Everett, WA 98204

2.5 + acre mixed-use property with the potential for prime development with a current $320,000 + NOI and 250 ft of frontage on Hwy 99. Property has a 5% actual (not proforma) CAP rate “as is” . It is just 4 minutes to I-5 and Paine Field. Presently the property contains 9 apartments units and a newly constructed office that can be the 10th Apartment,a 3000+ sq ft building leased as a tire shop, a vacant lot leased to a new car dealership, and a SEPERATE PARCEL leased to a cannabis business. Majority of the apartment units have been recently renovated. Development on a portion or all of the property is made easier with flexible leases in place. Rents just adjusted to reflect the market.