3930 196th SW St Lynnwood, WA 98036-5733
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.
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Josh Underhills Family Furniture Furniture & Home Goods Home Decor Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
42 · Lynnwood, WALynnwood. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.