6812 - 6820 196th St SW
Lynnwood WA 98036
6812 - 6820 196th Street SW
6812 - 6820 196th St SW Lynnwood WA 98036
Listing #: 704086 | Status: Available | Last Modified: 11/24/2025 |
For Sale
- Phone:(206) 618-7003
- Email:lourdes.valdesuso@cbre.com
- Office Name:Coldwell Banker Commercial Danforth
- Office Phone:(206) 971-8800
- Office Website:www.cbcdanforth.com
- Agent Phone:(206) 972-1651
- Agent Email:gretchen@gretahamm.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,295,000.0
- $/SF$ 273.2
- Listing StatusAvailable
- Days on Market46
- Asset ClassRetail
- Terms
- Investment Type
- Investment PropYes
- Gross Income219,739
- Vacancy Factor %0.00%
- Operating Expenses56,700
- Net Operating Income163,039
- CAP Rate 7.20 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor Nielson Brothers,Aikido Heiwa-Martial Arts,Dry Cl
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors1
- # of Units3
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF8400
- Net Rentable Area8400
- Total Office SF
- Largest Contiguous SF
- Lot SF26136
- Acres0.6
- Property TypeRetail
- Office TypeMulti-Tenant
- Building Class
- CountySnohomish
- VicinityEdmonds Community College
- Location Description
- Second Address
- Cross Street68th Ave W
- Market AreaEdmonds
- Tax ID #27042000200800
- Additional Parcels
- ZoningCDM
- # Covered Spaces0
- # Uncovered Spaces20
- Total Parking Spots20
- Parking Ratio2.4/1000 sq ft
- Year Built1962
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeConcrete
Retail Center for Sale, High Traffic location
Rare opportunity to own 3-tenant center with excellent visibility and high traffic along major arterial from Lynnwood to Edmonds. Timeless design, 13' ceilings, open interiors. Successful tenants each have their own prominent pylon signs, Turnkey investment or redevelop to 50' high. 7.2% cap rate factors in clean-up costs. Exceptional value-add opportunity for cash only investors, developers, or owner-users. Seller Financing available up to $1 Million. Phase 2 report available plus bids for environmental clean-up
Stand-Alone, Street Retail
