15615 Highway 99Lynnwood, WA 98087

Property Details for 15615 Highway 99

Year built

1947

Construction

WOOD

Lot size

0.44 AC

Property size (Sq ft)

21,973 SF

Zone code

UC

Property type

Retail properties

Property subtype

Bars

APN

372900201808

APU

372900201808

Description

This exceptional property, located at 15615-15703 Hwy 99, offers a unique blend of office and warehouse space, ideal for a variety of businesses. The building totals 23,743 square feet, with 5,215 square feet currently vacant and available for lease. The available space is divisible, with two spaces ranging from 4,528 to 12,056 square feet. The property features a convenient multiple tenancy setup, making it suitable for businesses of various sizes. Enjoy a 9-foot ceiling height throughout the building. The strategic location on Highway 99 provides excellent visibility and signage opportunities, ensuring high brand awareness. The property also boasts grade-level and dock-high loading capabilities, simplifying logistics and enhancing operational efficiency. Secure parking is available for tenants and their clients. Furthermore, the building offers easy access to major transportation arteries, including SR-525, I-405, and I-5, facilitating seamless commutes and efficient freight movement. This property is situated in Snohomish County. The combination of prime location, flexible space options, and convenient amenities makes this an unparalleled opportunity for businesses seeking a high-profile presence in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $8,712,518

  6.5%

  $8,042,324

  7%

  $7,467,872

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,831,596

  Geo Method

  $10,663,532

• Alternative Use

  Use

  Valuation

  Residential

  $6,784,001

  Hospitality

  $6,214,108

  Educational

  $5,170,066

  Medical

  $5,347,872

  Retail

  $8,042,324

Location Insight

City

Lynnwood

County

Snohomish

State

Washington

Latitude

47.8569

Longitude

-122.288

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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