14920-14928 Highway 99 $5,500,000

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    14920-14928 Highway 99 Lynnwood, WA 98087

    • 2.18 Acres
    • Commercial/Industrial
    Listing# 1481326 | Active

    $5,500,000

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    Days On Market: 88 0 Views
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    Property Details

    10 unit retail center on two tax parcels well located along Highway 99 in Lynnwood, Washington just 16 miles north of Seattle. The property consists of two separate retail buildings sitting on 95,000 square feet of land. The property was built in 1985 and offers 18,976 Net Rentable Square Feet of retail space. The retail spaces range from 800 square feet to just under 4,000 square feet. Potential for redevelopment with PCB zoning.

    • General Features
      • County Snohomish
      • Zoning Class Retail
      • Zoning Jurisdiction City
      • Style 75-Retail
      • Approx Building SqFt 18,976
      • Approx Whse/Mfg SqFt 0
      • Approx Office SqFt 0
      • Total Uncovered Parking 50
      • Total Covered Parking 0
    • Building Features
      • Exterior Cement/Concrete, Wood, Wood Products
      • Foundation Poured Concrete
      • Roof Flat
    • Property Features
      • Lot Square Footage 95,000
      • Depth of Lot 0
      • Site Frontage 0
      • Water-Sewer-Garbage 23287
      • Sewer Sewer Connected
      • Energy Source Electric
      • Number of Available Pads 0
    • Financials
      • Vacancy Rate 5
      • Total SqFt Rented 18,976
      • Total Monthly Rent $31,669
      • Gross Rent Multiplier 10
      • Cap Rate -NOI div LP 7.11
      • Gross Scheduled Income $505,016
      • Gross Adjusted Income $479,765
      • Total Expenses $88,883
      • NOI $390,882
      • Electrical Expenses $2,320
      • Tax Expense $39,155
      • Heating Expense $0
      • Insurance Expense $4,352
      • Annual Assoc. Dues $0
      • Other Expenses $19,769
      • Tax Year 2019

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    Neighborhood

    98087 (Lynnwood) Demographics

    33Median Age
    6,579Population Density (per sq. mile)
    41%College Educated
    $70,760 Estimated Median Income
    6,504Estimated Total Home Owners
    6,221Estimated Total Renters
    51% / 49%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    36,649Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $510,000 Median Sales Price
    59 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $5,500,000
        6/26/2019 11:21:00 AM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.