3930 196Th StLynnwood, WA 98036

Property Details for 3930 196Th St

Year built

1974

Construction

TYPE NOT SPECIFIED

Lot size

1.13 AC

Property size (Sq ft)

23,950 SF

Zone code

42

Property type

Retail properties

Property subtype

Other automotive properties

APN

372600701106

APU

372600701106

Description

This exceptional 23,950-square-foot storefront property, located at 3930 196th St SW in Lynnwood, Washington, 98036, presents a unique investment opportunity. Currently vacant, this two-story building, constructed in 1974, offers a flexible layout ideal for a variety of uses. The main floor features a spacious, open retail showroom area, perfect for showcasing products or creating a dynamic customer experience. An upper-level mezzanine, accessible via multiple stairwells and a hydraulic freight escalator, provides additional space, potentially for offices, storage, or expanded retail display. The mezzanine boasts a full ceiling height, maximizing usable area. The property's zoning allows for building heights up to 350 inches and floor area ratios (FARs) up to 10.0, suggesting significant potential for future high-density redevelopment. This presents a compelling opportunity for long-term growth and value appreciation. The seller will require a short-term leaseback post-closing. The asking price is $6,300,000. This prime Lynnwood location offers excellent visibility and accessibility, making it an attractive proposition for both established businesses and forward-thinking developers. Don't miss this chance to acquire a substantial property with immense potential in a thriving Washington market.

• CAP approach

  CAP return

  Valuation

  6%

  $9,496,418

  6.5%

  $8,765,925

  7%

  $8,139,787

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,346,002

  Geo Method

  $11,622,973

• Alternative Use

  Use

  Valuation

  Residential

  $7,394,386

  Hospitality

  $6,773,217

  Educational

  $5,635,237

  Medical

  $5,829,042

  Retail

  $8,765,925

Location Insight

City

Lynnwood

County

Snohomish

State

Washington

Latitude

47.8205

Longitude

-122.287

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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