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16404 Highway 99
Lynnwood, WA 98037 Picnic Point-North Lynnwood

$1,500,000

Freestanding For Sale  •  7,200 Sq Ft

Property Details

  • Property Type Freestanding
  • Total Building Size 7,200 Sq Ft
  • Lot Size 0.23 ac
  • Building Class C
  • Year Built 1943
  • Cap Rate 6.67 %
  • Tenancy Single
  • Zoning GC
41 Transit Score
48 Walk Score

Description

Located at the corner of 164th and Highway 99, a highly travelled avenue.  Property is suitable for  Investment, Owner/User and/or future redevelopment of this prime corner parcel in north Lynnwood, just outside city limits.  Lynnwood is the most desirable location in the country for people to consider moving to; Lite Rail link under construction and commercial air service from Paine Field a few miles to the north guarantees future growth. Current owner of real estate also owns Creighton Loans and Music business, but is selling.  Business is listed separately, listing #........  New owner of business can sign a long-term lease at $8,500/month NNN or business can be liquidated for an owner/user buyer.  Lots of options for development on adjoining parcel (already in progress).  Contact Listing Broker for more details on this excellent opportunity.

Highlights

Business in operation for 9 years with high volume and huge inventory.
Cap Rate: 6.67 %

Major Tenants

Tenant SF Occupied Lease End Date
Creighton Loans and Music 7,200 SF

Amenities

  • Corner Lot
  • Security System
  • Signage
  • Signalized Intersection
  • Storage Space
  • Monument Signage

Public Transportation

Commuter RailDriveWalkDistance
Edmonds Station Commuter Rail (Sounder South Line) 14 min - 6.1 mi
Mukilteo Station Commuter Rail (Sounder South Line) 17 min - 7.8 mi
AirportDriveWalkDistance
Kenmore Air Harbor Inc Airport 21 min - 8.6 mi
Seattle-Tacoma International Airport 48 min - 30.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 16
Type: Surface
Included in Rent: Yes
Bud Kopp 206-579-8812 Sound Commercial Group
Bud Kopp 206-579-8812 Sound Commercial Group