Bothell Development

Located at 2501 Maltby Road in Bothell, WA, this 13-acre property presents a prime development opportunity for a senior living community in a high-demand market. The approved plan includes 179 units, combining independent living, assisted living, and memory care, designed to meet the increasing needs of the aging population in Snohomish County. Strategically positioned near residential neighborhoods and apartment complexes, the site offers convenient access to Maltby Road and proximity to healthcare facilities, retail centers, and other essential services.

Market trends indicate a growing senior population in the Bothell area, supported by favorable demographics and economic expansion. The senior housing market continues to show strong demand, with high occupancy rates and increasing rents for comparable properties. Bothell is a highly-affluent area of the Pacific Northwest and is currently in the 96th percentile for median household income among U.S. cities at $127,944 as of 2022. Additionally, demand is expect to rise dramatically in the next 5 years as the growth rate of the 75+ population has been and is forecasted to be significantly greater than the rate of the Seattle-Tacoma MSA, State of Washington, and the United States.

This investment represents a rare opportunity to capitalize on the rapidly growing senior living sector, combining a desirable location, thoughtful design, and high market potential to deliver long-term value for developers and investors alike.