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    6812-6820 196Th St SW Lynnwood, WA 98036

    For Sale
    $2,295,000

    Three-tenant retail center with high visibility and traffic.

    Property size:
    8,400 SF
    Lot size:
    0.60 Acres

    Property Features for 6812-6820 196Th St SW

    General Information

    Size
    8,400 SF
    Lot size
    0.60 Acres

    Source: Coldwell Banker Commercial Danforth Agent Gretchen Hamm

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lynnwood Retail Center For Sale

    This is a rare opportunity to own a three-tenant retail center offering excellent visibility and high traffic flow along a major arterial route connecting Lynnwood and Edmonds. The property features a timeless design with 13-foot ceilings and open interior spaces. Each tenant benefits from prominent pylon signage. This property represents a turnkey investment opportunity and has redevelopment potential up to 50 feet high. The property has an existing 7.2% cap rate that factors in clean-up costs. This is an exceptional value-add opportunity for cash-only investors, developers, or owner-users. Phase 2 environmental reports are available, along with bids for environmental cleanup. The property is located at 6812-6820 196th St SW, Lynnwood, WA. The property size is 8,400 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Lynnwood Crossroads, Vaughan Village Center, 76th Street Plaza, Lynnwood Center, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.325326
    Latitude
    47.821294

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    FAQs

    What type of property is this?
    Shopping center - Three-tenant retail center with high visibility and traffic.
    Where is this shopping center located?
    The property is located at 6812-6820 196Th St SW Lynnwood, WA.
    What is the asking price?
    The asking price for this property is $2,295,000.
    What are key features of this property?
    This property features: - High traffic location on major arterial between Lynnwood and Edmonds provides excellent visibility.; - 7.2% cap rate presents a strong investment opportunity.; - Redevelopment potential up to 50' high offers future development possibilities.
    (206) 972-1651
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6812-6820 196Th St SW Lynnwood, WA 98036
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