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5116 196th St SW
Lynnwood, WA 98036
 Glenview · Office Property For Sale

Office Spaces Washington Lynnwood 5116 196th St SW, Lynnwood, WA 98036

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EXECUTIVE SUMMARY

Situated between Highway 99 and I-5 off 196th Street SW
Excellent visibility and proximity to Lynnwood Light Rail
Tenants in place with low vacancy
Value-add opportunity at below-market rates
3 per 1,000 parking ratio
10 units

PROPERTY FACTS Under Contract

Sale Type
Investment
Property Type
Office
Building Size
18,670 SF
Building Class
C
Year Built
1969
Price
$4,414,080 CAD
Price Per SF
$236.43 CAD
Cap Rate
6.88%
NOI
$303,689 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,335 SF
Building FAR
0.44
Lot Size
0.97 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
GC - General Commercial

PROPERTY TAXES

Parcel Number 006084-001-001-02 Improvements Assessment $1,318,293 CAD
Land Assessment $2,025,373 CAD Total Assessment $3,343,666 CAD

PROPERTY TAXES

Parcel Number
006084-001-001-02
Land Assessment
$2,025,373 CAD
Improvements Assessment
$1,318,293 CAD
Total Assessment
$3,343,666 CAD
 

  • Listing ID: 35253575

  • Date on Market: 2025-03-25

  • Last Updated:

  • Address: 5116 196th St SW, Lynnwood, WA 98036

The Outlying Lynnwood-Snohomish Office Property at 5116 196th St SW, Lynnwood, WA 98036 is currently available. Contact NAI Puget Sound Properties for more information.

OFFICE PROPERTIES IN NEARBY NEIGHBORHOODS

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