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34004777
34004768

16404 Highway 99, Lynnwood, WA 98037-3160

SS
WA 21000619
$2,600,000
3 days on market
Updated 3 days ago

16404 Highway 99

Details
APN 003727-008-004-02
Property Type Multifamily, Industrial (+1)
Sub Type Warehouse, Manufacturing (+1)
Square Footage 7,200
Net Rentable (SqFt) 9,000
Units 3
NOI $9,000
Tenancy Vacant
Lease Type Net
Rent Bumps No
Year Built 1940
Year Renovated 1963
Buildings 1
Stories 2
Acreage 0.230
Zoning General Commercial
Parking Spaces 12 spaces
Parking per 1,000 SqFt 1.67
Investment Type Redevelopment
Ground Lease No

Multifamily | 3 Units

Marketing description

Exceptional mixed-use investment & redevelopment opportunity in the heart of Lynnwood, this well-positioned commercial property features 3 professional office suites on lower level & a high-visibility retail storefront above, creating an attractive income-producing asset with significant future redevelopment potential for investors, developers, or owner-users looking to capitalize on one of the region’s fastest-growing urban corridors. Strategically situated in a high-traffic commercial corridor, the property benefits from exceptional street frontage, strong daily traffic counts, & prominent signage exposure, helping drive consistent visibility for businesses operating within the building. Just minutes from Lynnwood City Center Station on the expanding Link Light Rail system significantly enhances long-term value, offering direct transit connectivity to downtown Seattle, Bellevue, & Sea-Tac Airport while supporting the rapid growth of transit-oriented development thru-out the surrounding area. The property’s flexible layout supports multiple revenue streams today while offering compelling future repositioning opportunities. Existing office suites are well suited for services: medical, legal, financial, insurance, tech, consulting, real estate, or creative studio uses, while the retail storefront provides an ideal setting for boutique retail, restaurant concepts, specialty service providers & so much more! Option to lease @$9k mo, house could be incl in sale at separate price.

Investment highlights

  • Hard-corner location
  • Exceptional visibility
  • Strong daily vehicle exposure
  • Existing monument signage
  • Corner access from two streets
  • Approximately 7,200 SF building
  • Freestanding retail/commercial
  • Existing parking
  • Level site
  • Utility infrastructure in place
  • Highway 99 frontage
  • Signalized intersection
  • Minutes to I-5
  • Minutes to I-405
  • Close to Alderwood retail district
  • Near Community Transit service
  • Within the broader Lynnwood growth market benefiting from recent transportation investments and continued population growth
  • Corner exposure
  • Commercial zoning
  • Visibility
  • Utility availability
  • Existing access
  • Established commercial corridor
  • Long-term redevelopment optionality

Listing Contacts

SS
WA 21000619

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$9,000.00
$750.00/mo

Valuation Metrics

0
DSCR
0.35%
Cap Rate
0.35%
ROI

Map

Zoning

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MUC MixedMixed UseMixed Use Corridor
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Sam Savage
License
21000619
Brokerage
John L. Scott
Brokerage Phone
4257705071
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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