16620 Ash Way Lynnwood, WA 98087

This exceptional mixed-use property, located at 16620 Ash Way in Lynnwood, WA 98087, presents a compelling investment opportunity. The 8,040 square foot building, constructed in 1973, sits on a substantial 135,472 square foot lot (approximately 3.11 acres) and boasts a current occupancy rate of 100%. Currently classified as a Class B property, it features three stories and is zoned Urban Center (UC), allowing for a wide range of uses including multi-family, retail, office, civic, medical, and more. The property's prime location offers immediate access to I-5 and is conveniently situated near the new rail station. The UC zoning permits buildings up to 90 feet in height (approximately 9 stories), with the potential for an additional 35 feet (approximately 3 stories) allowed due to proximity to the transit center. The asking price is $4,400,000, translating to $547.26 per square foot. APN: 00372800100103. This property offers significant upside potential for developers and investors seeking a high-growth location with flexible zoning and excellent transportation access. The building's current high occupancy further enhances its immediate return on investment. This is a rare opportunity to acquire a substantial mixed-use property in a rapidly developing area.