17925 Highway 99Lynnwood, WA 98037

Property Details for 17925 Highway 99

Year built

1980

Construction

TYPE NOT SPECIFIED

Lot size

0.34 AC

Property size (Sq ft)

8,563 SF

Zone code

L6

Property type

Office properties

Property subtype

Office buildings

APN

374300100603

APU

374300100603

Description

This exceptional business opportunity presents the chance to acquire a well-established pawn shop in Lynnwood, Washington. Located at 17925 Highway 99 Unit 101, this thriving business occupies a 1,900 square foot leased space, offering ample display, office, and secure storage areas. The current lease allows for potential expansion up to 3,800 square feet, providing significant room for growth. The business boasts a prime location with excellent parking, ensuring high visibility and accessibility for customers. The seller, who has successfully operated the pawn shop for over 20 years, is semi-retired and offers two weeks of free training to the new owner. The sale includes a substantial inventory valued at $50,000, encompassing a diverse range of items such as jewelry, electronics, and tools. Furthermore, the sale price includes $20,000 worth of furniture, fixtures, and equipment (FF&E), and $10,000 in leasehold improvements. Currently operating Monday through Friday from 10:00 AM to 5:00 PM, the pawn shop benefits from limited competition in the area. Opportunities for expansion include offering loans, increasing inventory, implementing e-commerce strategies, and extending business hours. This turnkey operation is priced at $100,000 and represents a compelling investment for aspiring business owners seeking a profitable and established enterprise.

• CAP approach

  CAP return

  Valuation

  6%

  $2,309,739

  6.5%

  $2,132,067

  7%

  $1,979,776

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,602,923

  Geo Method

  $1,649,062

• Alternative Use

  Use

  Valuation

  Residential

  $2,643,763

  Hospitality

  $2,421,672

  Educational

  $2,014,803

  Medical

  $2,084,095

  Retail

  $3,134,138

Location Insight

City

Lynnwood

County

Snohomish

State

Washington

Latitude

47.8358

Longitude

-122.302

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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