16404 Highway 99
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
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