Property Description

Investment Highlights

  • Great location with quick access to I-5
  • Excellent visibility on highly trafficked 164th Exit in Lynnwood -36,000 cars per day
  • Good property configuration in a flexible zone allows for many different long-term uses
  • High sales and significant foot traffic at big box retail center across the street
  • Several minutes north of one of region’s largest retail malls
  • Strong nearby demographics with high populations and median incomes

Property Summary

Property Address 1603 164th St SW & 16300 Motor Place, Lynnwood
Tax Parcel Snohomish County #00373700900900 & #00373700900100
Land Size 70,567 SF | 1.62 Acres
Locality Unincorporated Snohomish County
Zoning Urban Center (UC)
Allowed Uses General Retail Sales
Numerous Specialty Uses – Church, Clubhouse, Gym, Etc
Hotel
General Office Use
Parking Lot, Park-and-Ride, Transit Center
Existing Structure Two Story Office Building
Existing Structure Size Approximately 6,336 SF
Surface Parking Approximately 67 Paved, Striped Parking Stalls

This offering consists of two parcels bounded by roads to the west, east, and south, including the highly trafficked 164th St SW. Totaling 1.62 acres with flexible zoning, the offering allows a prospective buyer numerous redevelopment opportunities. The existing 6,300 SF office building on the north half of the site has historically been used as either a community center or an office building, most recently by Volunteers of America. The two floor building, built in 1968, has two large meeting rooms, four bathrooms, a kitchen facility and storage area, as well as a several smaller meeting rooms.

Zoning Uses

Permitted Uses Urban Center Development