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� H <br />� <br />M y <br />C � <br />7 H N <br />r <br />K � n <br />o �x o <br />�U H �J <br />y F+ <br />� H � <br />ai :� °n <br />zH�H <br />t� H <br />O N <br />n tl N <br />a� ro r <br />H O 71 <br />� <br />I 1'�I, <br />� <br />HIGfffSP ATID BFST USE <br />Subject pmpertY has 150 feet of fmntage on EUergreen S9ay (old Highway <br />yy� �� m,y� �e years has i�een developed with strip axm�ercial in <br />and near all urban azeas. The property on the im*iecliate south of subject <br />is developed with a cam�ercial bank and an Alberts°n store. `�l�e obvious <br />highest ancl best use of subiect sitP is for �nn�ercial use. <br />T1X'X'ATION AND AR� DATA <br />Subject is located in south Et%erett on a main drterlaP�r513 Clcmmerciai) <br />which has had strip �ncmrcial developm�nt for m3ny y <br />retail, and �lti-family develo�xra��t in the area was e�ctsamely rapid <br />until the advent of high interest rates in late 1979. It has bean steady <br />since the mid-1980's and appeazs t� be accelerating. <br />&vesett, population 56,000, is the county seat of Snohanish County and <br />the �loyment center of the area• Snohomish County is one of the fastest <br />grocaing areas in the United States. It is the gra•rth half of the Seattle- <br />Euerett standard metsopolitan statistical area which ranks SSth nationally, <br />up fran 22nd in 1980. <br />`I`his area, liY.e mzst of the nation, had severe econcmtc pmbl�ns from <br />the high interest rates of 1979 and the early 1980's. Hauever, ttie high <br />level of Boeing activity a�d probability of the U.S. Navy base in �verett, <br />as �tiell as nstional forecasts, vAuld indicate that this az_a's econanic <br />gzorrth ehould exceed the nationaJ. average. <br />S� S� <br />Subject site is located on the east side of EUergreen Way. It t�s 150 <br />feet of frontage and a depth of 180 feet, which includes the �+est 20 <br />feet of vacatecl Rainier Avenue. Its tc�tal area is 27,000 squaze feet. <br />'^he site slopes da+n to the east and to the north. It is ts%c account <br />n3929-005-003 plus the north 10 feet of I.ot 3. It is zoned B-2 (CcFmiunity <br />Shopping)• <br />All utilities are available to the site. Public transportat on is avail�ble <br />approxim3tely 500 feet to the south of subject at the in*.ersection of <br />Evergzee� Way and Maclison Pvenue. <br />LA.*ID VALUE AIS4LYSI5 ADID ESTID7ATE OF V� <br />The public xemrds wexe searched for recent verifiablel�ne471� �ject � <br />or basically imdeveloped lar:d havirig a basis of c:�rnar <br />to prwide an indication of its value. Follaaing are the sales con=idered <br />in this report: <br />-'- <br />