
Snohomish Terrace Townhomes Site
1201 Bonneville Avenue, Snohomish, WA, 98290
JLL has been exclusively retained for the sale of the North Bend Development Site (the "Property" or "Site"), a 379,843-square-foot (8.72-acre) development opportunity in the heart of North Bend, Washington. Zoned IMU (Interchange Mixed Use), the Site presents a compelling opportunity for townhomes, multifamily, hotels, or senior housing development in one of the region's fastest-growing submarkets. Please refer to the virtual deal room for extensive documentation on land use studies, feasibility studies, and site planning that calls for 70 3-bedroom homes.
Located in North Bend, the Property is located directly adjacent to the nearest on-ramp to I-90, providing exceptional connectivity throughout the greater Seattle metropolitan area and serving as a gateway to both urban conveniences and outdoor recreation. The Site's strategic positioning along this major transportation corridor enables direct access to one of the largest and fastest growing tech and AI ecosystems in the nation on King County "Eastside" in under 25 minutes. This connectivity allows affluent home-owners to enjoy easy access to key employers at a fraction of the cost compared to comparable single housing markets in Medina and Hunts Point.
The Property capitalizes on North Bend's distinctive appeal as both an authentic small-town community and a strategically positioned hub for Eastside commuters. Future residents have convenient access to major employment centers throughout the region, including Microsoft, Amazon, and numerous technology companies concentrated in Redmond, Bellevue, and Seattle. The Eastside now represents the nation's second-largest AI talent market amid recent expansions by OpenAI, Snowflake, and Pokemon alongside Amazon's 6.2M SF Bellevue footprint. The Site offers exceptional retail convenience, with the North Bend Premium Outlets located just a 9-minute walk away and over 603,000 square feet of retail within a 1-mile radius.