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Shopping Center in Lynwood 6812-6820 196th St SW 8,400 SF 80% Leased Retail Building Lynnwood, WA 98036 $2,295,000 ($273.21/SF)
EXECUTIVE SUMMARY
Rare opportunity to own this three-tenant shopping center. This property has excellent visibility and high traffic volume along the major arterial route from Lynnwood to Edmonds. The building has a timeless design, with 13' ceilings, open interiors, and attractive finishes. Solid, successful tenants each have their own prominent pylon sign making it a turnkey investment or an ideal opportunity for an owner-user. Collect rent, or redevelop to 50' high.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,400 SF
Building Class
C
Year Built
1962
Price
$2,295,000
Price Per SF
$273.21
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.60 AC
Zoning
CDM
Parking
16 Spaces (1.9 Spaces per 1,000 SF Leased)
Frontage
164’ on 196th St SW
AMENITIES
- Bus Line
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 1,700 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,700 SF | Retail | - | Now |
1st Floor
| Size |
| 1,700 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 270420-002-008-00 | Improvements Assessment | $882,900 |
| Land Assessment | $952,100 | Total Assessment | $1,835,000 |
PROPERTY TAXES
Parcel Number
270420-002-008-00
Land Assessment
$952,100
Improvements Assessment
$882,900
Total Assessment
$1,835,000
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Shopping Center in Lynwood | 6812-6820 196th St SW
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