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12223 Mukilteo Speedway

1,050 SF Industrial Building Lynnwood, WA 98087 $840,000 ($800/SF) 2.64% Cap Rate

Showrooms Washington Lynnwood 12223 Mukilteo Speedway, Lynnwood, WA 98087

Executive Summary

VERY RARE Light Industrial, Office, Retail on Mukilteo Speedway. Well-kept house of 1040SF is in livable/rentable condition and occupied by renter month-to-month for $1,850. Can be easily converted to office, with 364SF garage useable as warehouse. Ample parking. Fencing is not on property line, but is set in due to trees and some slope on North and West side of site. Only some of allowed uses: Auto Repair, Towing Yard, Car Lot, Clubhouse, Data center, Fuel Yard, Manufacturing, Marijuana Processing/Growing, Service Station, Day Care, Warehouse, Restaurant, Storage Yard, Parking Lot. Is in Snohomish County, not Mukilteo City, see Zoning Matrix for all uses.
Residence is 1050SF, Garage/Storage is 364SF PLEASE DO NOT CONTACT TENANT Viewing available only upon written PSA

Attachments

Paine Field Master Plan
Sno Cty Use Matrix 2024 0723
12223 Sno Cty prop record 2024 0723

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $840,000 Lot Size 0.52 AC
Price Per SF $800 Rentable Building Area 1,050 SF
Sale Type Investment or Owner User No. Stories 1
Cap Rate 2.64% Year Built/Renovated 1957/2010
Property Type Industrial Tenancy Single
Property Subtype
Showroom
  • General Retail Auto Dealership
 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.
Building Class C
Price $840,000
Price Per SF $800
Sale Type Investment or Owner User
Cap Rate 2.64%
Property Type Industrial
Property Subtype
Showroom
  • General Retail Auto Dealership
Building Class C
Lot Size 0.52 AC
Rentable Building Area 1,050 SF
No. Stories 1
Year Built/Renovated 1957/2010
Tenancy Single
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.
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zoning

Zoning Code LI (LI, See Zoning Matrix attached)
LI (LI, See Zoning Matrix attached)
(206) 579-8812

  • Listing ID: 32567892

  • Date on Market: 7/24/2024

  • Last Updated:

  • Address: 12223 Mukilteo Speedway, Lynnwood, WA 98087

More public record information on 12223 Mukilteo Speedway, Lynnwood, WA 98087

The Industrial Property at 12223 Mukilteo Speedway, Lynnwood, WA 98087 is currently available For Sale. Contact Sound Commercial Group for more information.

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12223 Mukilteo Speedway
(206) 579-8812 x

12223 Mukilteo Speedway

Bud Kopp

(206) 579-8812

(206) 579-8812

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