Bothell Development
A 148-Unit Senior Living Development Opportunity in Bothell, WA
The Opportunity
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 148 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.
Extensive work has been done on this site to get it shovel ready for the buyer. A full set of permits and entitlements are expected to be complete in early November, as well as full cost projections from the general contractor.
The seller is motivated to close on a deal by the end of 2025, and is willing to be flexible on pricing guidance as well as deal structure to make this happen.
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.
