20415 Highway 99Lynnwood, WA 98036

Property Details for 20415 Highway 99

Year built

1976

Construction

TYPE NOT SPECIFIED

Lot size

0.29 AC

Property size (Sq ft)

3,097 SF

Zone code

L6

Property type

Auto shops

APN

564100000601

APU

564100000601

Description

This exceptional 3,097 square foot auto shop building presents a rare opportunity in Lynnwood's thriving auto-mall area. Situated on a highly visible, signalized corner lot spanning 0.29 acres, the property boasts unmatched exposure and convenient access with two curb cuts. The building features six grade-level shop bays, including one high-bay, ideal for a variety of automotive or light industrial uses. A smaller, approximately 250 square foot sales office with a retail counter is also included. The building's ceiling height ranges from 16 to 18 feet, offering ample space and functionality. Existing monument signage further enhances visibility and brand recognition. The property is zoned CG in Lynnwood, WA, and its location offers significant potential for continued use as an auto shop or repurposing into various businesses, including office space or retail. This is a truly unique opportunity to acquire a well-established property in a prime location with excellent visibility and accessibility. The asking price is $1,550,000. The property's APN is 00564100000601.

• CAP approach

  CAP return

  Valuation

  6%

  $1,227,992

  6.5%

  $1,133,531

  7%

  $1,052,564

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,372,341

  Geo Method

  $1,502,979

• Alternative Use

  Use

  Valuation

  Residential

  $956,176

  Hospitality

  $875,852

  Educational

  $728,698

  Medical

  $753,760

  Retail

  $1,133,531

Location Insight

City

Lynnwood

County

Snohomish

State

Washington

Latitude

47.8138

Longitude

-122.321

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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