5710 196Th StLynnwood, WA 98036

Property Details for 5710 196Th St

Year built

1967

Construction

TYPE NOT SPECIFIED

Lot size

2.07 AC

Property size (Sq ft)

24,010 SF

Zone code

42

Property type

Automotive properties

APN

565300000300

APU

565300000300

Description

This exceptional retail property, located at 5710 196th St SW in Lynnwood, Washington, presents a significant opportunity for a single tenant. Boasting a substantial 24,010 square feet of space, this building sits on a generous 2.07-acre lot, providing ample room for expansion or outdoor amenities. Constructed in 1967, the property is zoned HMU (Highway Mixed Use), offering flexibility for a variety of commercial uses. The ample parking lot accommodates 135 vehicles, ensuring convenient access for customers and employees. The property's location in Lynnwood, Washington, 98036, offers excellent visibility and accessibility, with convenient access to major transportation routes. The entire building is currently vacant, presenting a blank canvas for a new business to establish its presence. The property's Assessed Parcel Number (APN) is 005653-000-003-00, and it is situated in Snohomish County. This is a rare opportunity to acquire a large, well-located retail space with significant potential. The property's size and zoning make it ideal for a variety of businesses seeking a prominent location in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $9,520,209

  6.5%

  $8,787,885

  7%

  $8,160,179

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,391,964

  Geo Method

  $11,652,091

• Alternative Use

  Use

  Valuation

  Residential

  $7,412,910

  Hospitality

  $6,790,186

  Educational

  $5,649,354

  Medical

  $5,843,644

  Retail

  $8,787,885

Location Insight

City

Lynnwood

County

Snohomish

State

Washington

Latitude

47.8206

Longitude

-122.311

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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