18908 Highway 99Lynnwood, WA 98036

Property Details for 18908 Highway 99

Year built

1980

Construction

TYPE NOT SPECIFIED

Lot size

0.81 AC

Property size (Sq ft)

13,432 SF

Zone code

L6

Property type

Office properties

Property subtype

Office buildings

APN

27041600303900

APU

27041600303900

Description

This exceptional Lynnwood property, known as CENTERS III BUSINESS CENTER, offers a unique blend of retail, office, and industrial space, perfect for a variety of businesses. The property comprises three single-story buildings totaling 35,041 square feet, situated on a 0.88-acre lot. Built in 1955, the buildings are currently available for lease as a multi-tenant property. One immediately available retail space of 1,823 square feet features a roll-up door, making it particularly well-suited for businesses requiring both storefront presence and warehouse/manufacturing capabilities. This makes it an excellent option for small-scale manufacturing, wholesaling, or assembly businesses needing a retail component. The property's location in the Lynnwood submarket of Snohomish County provides convenient access to transportation and a strong local market. The flexible layout allows for customization to meet specific business needs. This is a rare opportunity to secure a versatile commercial space in a desirable location. The property's size and configuration offer significant potential for growth and expansion. Inquire today to learn more about leasing opportunities within this established business center.

• CAP approach

  CAP return

  Valuation

  6%

  $3,623,078

  6.5%

  $3,344,380

  7%

  $3,105,495

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,082,969

  Geo Method

  $2,586,734

• Alternative Use

  Use

  Valuation

  Residential

  $4,147,031

  Hospitality

  $3,798,658

  Educational

  $3,160,439

  Medical

  $3,269,131

  Retail

  $4,916,238

Location Insight

City

Lynnwood

County

Snohomish

State

Washington

Latitude

47.8272

Longitude

-122.311

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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