Evergreen Homes with 61 - Comm Bldg Ovr 10K Style

Evergreen Homes with 61 - Comm Bldg Ovr 10K Style

Welcome to Evergreen, a vibrant neighborhood nestled in the heart of Everett, Washington, where the beauty of nature and the conveniences of urban living harmoniously coexist. This charming community is situated in Snohomish County, offering residents a serene environment enriched by lush greenery and stunning views of the surrounding mountains.

Evergreen is renowned for its welcoming atmosphere, making it an ideal place for families, young professionals, and retirees alike. With a diverse array of parks, trails, and recreational facilities, outdoor enthusiasts will find plenty of opportunities to explore the great outdoors. The nearby Evergreen Arboretum & Gardens is a local gem, showcasing a stunning collection of plants and flowers that bloom throughout the seasons.

Homes in Evergreen offer a unique blend of style and functionality, particularly the impressive commercial buildings that exceed 10,000 square feet. These properties boast modern architectural designs while providing ample space for various business ventures. Whether you're looking to establish a thriving office space, retail shop, or community hub, these buildings cater to a wide range of entrepreneurial aspirations.

Residents of Evergreen enjoy easy access to Everett's vibrant downtown area, where local shops, restaurants, and entertainment options abound. The community is also well-connected to major highways and public transportation, making it a convenient location for commuting to Seattle and beyond.

In Evergreen, you’ll not only find a place to live but a community to thrive in. Experience the charm and opportunity this neighborhood has to offer, and discover your perfect home today!

Newest Evergreen Homes with 61 - Comm Bldg Ovr 10K Style

$2,300,000
2475831 MLS ⋅ ACTIVE Status
PRICE ADJUSTMENT - EVERETT 2044 REDEVELOPMENT | MU-7 (7-STORY) | 6.00% CAP RATE A rare 2-parcel assemblage in Everett's highest-velocity growth corridor — offered at $2,30,000 ($2,090,000 main building + $210,000 development parcel). This combined footprint is a textbook Covered Land Play: bankable cash flow today, transformational upside tomorrow. CASH FLOW + VALUE-ADD: 16 existing units — retail storefronts and apartments — deliver a proven 6.00% in-place cap rate at $2,090,000 against the main parcel. Rents sit materially below market, creating an immediate path to compress that gap and drive NOI higher from day one. Underutilized basement and storage areas represent untapped income with minimal capital outlay. THE ASSEMBLAGE ADVANTAGE: Two parcels deliver the depth and scale single-lot sites simply cannot replicate. The development parcel alone represents significant value at $310,000 for a 3,000 SF lot in this corridor. Unlock maximum Floor Area Ratio, optimized parking configurations, and institutional-grade mid-rise construction potential under Everett's new TOD mandates. This footprint is purpose-built for what's coming. EVERETT 2044 VISION: Zoned MU-7 (Mixed Urban, 7-Story) in Everett's designated high-density growth corridor. Positioned on a high-visibility arterial with 30,000+ VPD, steps from the future Sound Transit Light Rail station. The city's blueprint for density is written — this parcel is inside it.

6325 Evergreen Way, Everett

Listing courtesy of KW Everett.

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