20423 Highway 99 Lynnwood, WA 98036

This exceptional value-add opportunity presents a vacant, 25,467 square foot shopping center situated on a 1.23-acre lot in Lynnwood, Washington. Located at 20423 Highway 99, this two-story building, constructed in 1990, is zoned for General Commercial use within the Highway 99 Corridor (H99). Currently vacant, the property offers significant potential for redevelopment or repurposing. The expansive space is adaptable to a variety of uses, including retail showrooms, schools, daycare centers, or a combination thereof. The building's design includes ample storage and loading facilities, enhancing its functionality. The asking price is $6,000,000, translating to $235.60 per square foot. The property is offered as a Triple Net (NNN) lease, and the current tenant will vacate three months after the sale closes. The property's location on Highway 99 provides excellent visibility and accessibility. Consider the potential for reconfiguring the upper floor into smaller storefronts, while utilizing the ground floor for storage or light industrial purposes. This presents a compelling owner-user or investment opportunity. Note that adjacent properties at 20505 and 20515 Highway 99 are also available. Further details can be found at www.highway99site.com.