33+ Acres - Lake Stevens Development
13420 12th Street NE
Lake Stevens, WA 98258
CREATE LOTS. CAPTURE VALUE.
EXCLUSIVELY FOR SALE. SELLER FINANCE OPTIONS.
33+ acres of rolling terrain. Open meadows. Stands of mature evergreens. Elevated ground captures sweeping views of the Cascades and Mount Baker. A true natural canvas for something exceptional.
Set along the edge of Lake Stevens, this property invites vision. Picture view lots across the upper ridgelines, with a luxury-leaning neighborhood. A thoughtfully designed community with trails, green belts, and a connection to the Centennial Trail at the east entrance. Quiet. Scenic. Desirable. This is the place that future homeowners seek out—and builders can proudly deliver.
Positioned for flexibility. Nearly 1,000 feet adjoining city R6 to the north and 450 feet against R4 on the west along 131st Ave NE. Currently Snohomish County R-5. Develop now as a rural cluster or plan for an annexation and increased density. Multiple paths. Real upside. Your design.
Wetlands and survey complete. Key steps handled. Time saved. Clarity gained. Access is established from Machias Rd across Catherine Creek or connect to city roads on the west. City services possible along the adjoining city boundaries, bringing infrastructure within reach as growth expands around Lake Stevens.
Whether land packagers, developers, or builders - this is a site that works on paper and in the field.
Create and capture value at scale. Seller financing may be available for experienced groups. Extensive potential rental income options on site as well. All features that add flexibility to structure and timing.
Opportunities like this don’t sit. They move. Let’s explore how this site can become your next successful project. Call us to arrange your private tour.
CAP RATE: 5.01% growing to 5.81%
INITIAL LEASE TERM: Thru September 30, 2031
ESCALATIONS: 3% Annual Escalations
OPTIONS: (3) 5-year Escalations
GBA: 8,586 SF ±
LOT SIZE: 0.53 AC ±
ZONING: NC3-55 (M) - Neighborhood Commercial/Mixed Use
JURISDICTION: City of Seattle
FRONTAGE: Approx 101’ on Lake City Way NE
Presented By:
Duane Petzoldt
(425) 239-1780 duane@hudsonreg.com
&
Jen Hudson, CCIM
(206) 293-1005 jen@hudsonreg.com
