20102 Cedar Valley RdLynnwood, WA 98036

For Sale
$2,595,000

Lakefront Office Building, Excellent Location

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a two-story, Class B office building situated in Lynnwood, Washington. The property, known as CEDAR VALLEY OFFICE PARK, boasts a total of 9,530 square feet, with 8,481 square feet of net rentable space, currently at 60% occupancy. The asking price is $2,595,000, translating to $272.30 per square foot. Built in 1978, the single building comprises ten units and offers a desirable lake view. The property sits on nearly one acre and includes 45 parking spaces. Its convenient location offers easy access to amenities and is within a short distance of the future Lynnwood Light Rail Station (projected completion 2024), part of the Lynnwood Link extension. The property is zoned NC and features a Snohomish County APN of 00608400300202. The building's diverse subtypes, including executive, medical, and traditional office spaces, cater to a wide range of potential tenants, presenting strong owner-use opportunities alongside existing rental income. The address is 20102 Cedar Valley Rd, Lynnwood, WA 98036. This property offers a unique blend of lakefront appeal, convenient location, and substantial income potential.

Highlights

  • Lakefront Office Building with stunning lake views.
  • Excellent location, proximate to light rail transit.
  • Strong owner-use potential with existing stable rental income.
  • Ample parking with 45 spaces available.

Property Details for 20102 Cedar Valley Rd

Property type
Other office properties, Medical offices
Square Feet
9,530 SF
Class
B
Year Built
1978
Buildings
1
Stories
2
Units
10

Location Insight

City
Lynnwood
County
Snohomish
State
Washington
Latitude
47.8159009
Longitude
-122.3026498
20102 Cedar Valley Rd, Lynnwood, Washington

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20102 Cedar Valley Rd
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