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4001 Alderwood Mall Blvd
Lynnwood, WA 98036 Outlying Lynnwood-Snohomish

$4,000,000

Bank For Sale  •  5,170 Sq Ft

Property Details

  • Property Type Bank
  • Total Building Size 5,170 Sq Ft
  • Lot Size 0.86 ac
  • Building Class C
  • Year Built 1981
  • Cap Rate 3.50 %
  • Tenancy Multiple
  • Zoning CCC
53 Transit Score
69 Walk Score

Description

Bank Building and retail store built in 1981. Bank building has been occupying by Chase bank since the building was built.

Highlights

Great redevelopment opportunity in downtown of Lynnwood
Opportunity zone with a lot tax benefits for 1031 buyers
Corner lot

Financial Summary (Actual)

Net Operating Income: $140,131 (2018)
Cap Rate: 3.50 %
Total Expenses: $29,614

Major Tenants

Tenant SF Occupied Lease End Date
Chase Bank 5,170 SF 7/31/2020
Integrity Stone Work 5,165 SF 4/30/2022

Amenities

  • Air Conditioning
  • Banking
  • Corner Lot
  • Freeway Visibility
  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
Edmonds Station Commuter Rail (Sounder South Line) 14 min - 6.6 mi
AirportDriveWalkDistance
Kenmore Air Harbor Inc Airport 15 min - 6.4 mi
Seattle-Tacoma International Airport 43 min - 28.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 48
Type: Surface
Included in Rent: Yes
Shui Huang 206-819-7710 Realty One Group Preview
Shui Huang 206-819-7710 Realty One Group Preview