The Lynnwood I-5 Site presents a unique opportunity to own a 1.62 acre parcel of land directly off of Washington’s most traveled interstate, I-5, and immediately adjacent in an exit. This parcel is just minutes north of Seattle and has unbeatable visibility to over 153,000 daily travelers along I-5. Flexible zoning also allows a buyer many opportunities for future development, including hotel, retail, multifamily, and more. With numerous nearby national retail box stores, restaurants, and hotels, the area already boasts a significant amount of retail traffic.
Included in the property is a 6,300 square foot building zoned for Urban Center (UC), with an abundance of parking, presenting an investor or developer with a short term cash flow potential. The City of Lynnwood has witnessed recent growth in rental rates, as well as a constricting supply of available rental property, creating a strong need for rental properties across several market sectors. This offering presents a great opportunity to develop within one of the nation’s fastest growing and most stable metropolitan areas.
The property is being marketed for sale at $2,200,000. Offers may be submitted at any time; however, a call for offers deadline may be announced. The seller is not obligated to accept any or the highest offer.