20505 Highway 99Lynnwood, WA 98036

This exceptional value-add investment opportunity encompasses two buildings totaling 25,259 square feet on a 2.19-acre lot in Lynnwood, WA (98036). Located at 20505 & 20515 Hwy 99, the property features a diverse mix of retail and industrial space, currently 40% occupied by month-to-month tenants. The main building, originally a Lexus and Mercedes dealership, boasts 16,152 square feet across three stories, including showroom, offices, service bays, and a basement with roll-up doors. The second building, a former carpet store, offers 9,107 square feet across two floors, featuring storefront space, a grade-level roll-up door, a dock-high loading bay, and a basement with roll-up doors for storage. The property includes 171 parking spaces and benefits from General Commercial - Hwy 99 Mixed Use zoning. Built in 1978 and 1990, this property presents a significant opportunity for an investor seeking to increase occupancy and rental income. The asking price is $6,650,000 ($263.27/sq ft). Additional information is available at www.highway99site.com.