Prime downtown Everett location in a rapidly upzoning corridor, steps from future transit, services, and new development. The property is anchored by Pawsome Park and Lodge, a popular local tenant driving strong daily foot traffic and community engagement. It operates under a 10-year triple net lease where the tenant covers all taxes, insurance, and repairs, with rent escalating from $12,500/month to $25,000/month within two years. Surrounded by a mix of local businesses and residential growth, the asset offers stable income today with meaningful upside as the area densifies. Zoned high-density Mixed Urban (MU-15/Center City), the site supports potential future redevelopment up to 15–25 stories with no strict unit cap.

Everett, WA offers a mix of neighborhood livability, local employment centers, and day-to-day amenities that support long-term housing demand. The area benefits from access to major commuter routes, schools, and retail services, while continuing to attract residents looking for affordability and convenience. As population and job activity remain steady across the broader region, rental demand is generally supported by both local households and in-migration trends.