About this home

Attention Developers & Investors! Exceptional opportunity for up to 8-10 townhomes with a mixed-use component in downtown Lake Stevens. This “cookie-cutter” project offers flexibility for retail/office use with potential lake and mountain views. Flat, partial slope cleared site with no known wetlands, creeks, or critical areas, supporting a smoother permitting process. Zoned CBD (Central Business District) with increased height allowances, allowing for a variety of residential, commercial, or live/work, mixed-use development strategies. Shy half acre with a renovated 3 bed / 3 bath home (Possible option to convert into ADU/MIL w/additional room downstairs/kitchenette/separate entrance), ideal for rental income or hold while permitting. Bonus Value-Add: Detached 2-car garage/shop with loft + separate entrance—ideal for ADU/DADU, office, or additional rental unit. Flexible Options: Townhome or mixed-use redevelopment, subdivide & build additional units, live on-site while developing, owner-user opportunity, long-term hold in a high-growth corridor. Highlights: no known critical areas - faster permitting, increased height allowances, rare opportunity for a clean, scalable project with strong upside. Close to to lake, parks, library, dining, schools and retail, strong demand in Snohomish County. Buyer to verify all information.

Interior features

Exterior features

Appliances

Schools

Property details

Heating

Baseboard, Radiant

Cooling

None

Flooring

Ceramic Tile, Vinyl

Parking

Driveway, Detached Garage, Off Street, RV Parking

View

Lake

Lot

Curbs, Open Space, Sidewalk, Value In Land

Water source

Public

Sewer

Sewer Connected

Levels

Two

Fireplaces

1

Costs

Price / sq ft

$348

Annual taxes

$5,004 (2026)

Location

Lake Stevens, WA 98258