Former Ritz Furniture
20423 Highway 99, Lynnwood, WA 98036
Description
The Ritz Furniture Gallery, situated at 20423 Highway 99 in Lynnwood, Washington, is a two-story retail property constructed in 1976.
The building is approximately 25,467 square feet, with the first floor comprising approximately 12,700 square feet of street-level retail and showroom space. The daylight basement serves as a combination of retail, warehouse, and storage space and is equipped with three roll-up doors for loading.
This property spans two tax parcels, covering 1.23 acres, and provides 56 parking spaces. Two curb cuts provide ingress/egress access. The building is highly visible from Highway 99 with approximately 255 feet of frontage. The parcels are zoned for commercial use by the City of Lynnwood. Additionally, a pylon sign enhances the site's visibility and accessibility.
Currently occupied by Ritz Furniture Gallery and previously by La-Z-Boy Furniture, the property will be vacated, making it an attractive prospect for an owner/user or investor seeking to add value. Furthermore, there is a potential redevelopment opportunity, as the adjacent property to the south is also on the market for sale. Together, the properties amount to 3.42 acres zoned for commercial mixed-use.
The building is approximately 25,467 square feet, with the first floor comprising approximately 12,700 square feet of street-level retail and showroom space. The daylight basement serves as a combination of retail, warehouse, and storage space and is equipped with three roll-up doors for loading.
This property spans two tax parcels, covering 1.23 acres, and provides 56 parking spaces. Two curb cuts provide ingress/egress access. The building is highly visible from Highway 99 with approximately 255 feet of frontage. The parcels are zoned for commercial use by the City of Lynnwood. Additionally, a pylon sign enhances the site's visibility and accessibility.
Currently occupied by Ritz Furniture Gallery and previously by La-Z-Boy Furniture, the property will be vacated, making it an attractive prospect for an owner/user or investor seeking to add value. Furthermore, there is a potential redevelopment opportunity, as the adjacent property to the south is also on the market for sale. Together, the properties amount to 3.42 acres zoned for commercial mixed-use.
Map
Satellite
New Listing
Price
$6,000,000
Price
Best Offer
Year Built
1976
Square Feet
25,467
Price Per SF
$236
Location
Lynnwood, WA
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