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Land for Sale Near Shopping Mall

EVERETT, WA-An unnamed investment group is selling 1.14 acres across Everett Way from the Everett Mall. Due to skyrocketing demand, office space makes the most sense for the land, says the listing broker.

By Ingrid Ricks | Updated on November 14, 2000

EVERETT, WA-An unnamed investment group based in Lynnwood is selling 1.14 acres of land located on Everett Way across the street from the troubled Everett Mall, which is currently being operated by a court-appointed receiver after property owners default on a loan topping $55 million.

Darrell Okada, senior associate for Bellevue-based Puget Sound Properties Commercial Real Estate Services, which is marketing the site for $559,500, says the fact that the Everett Mall has been put in receivership by the court and may soon have a new owner is actually good news that could increase the value of the property he is marketing.

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