Glen Haven Building

For Sale

5116 196th St SW, Lynnwood, WA 98036

This Lynnwood property for sale is located at 5116 196th St SW. The general use of Glen Haven Building is office and it incorporates 18,670 square feet of class C office space. The current listed sale price for Glen Haven Building is $3,200,000. Glen Haven Building is situated on a lot that is 0.97 acre in size.

Contacts

broker
Blake Stedman

NAI Puget Sound Properties

Property Details

  • Property Type Office - General Office
  • Property Size 18,670 SF
  • Units 10
  • Lot Size 0.97 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1969
  • Date Updated Mar 25, 2025
Located in Lynnwood, WA, the area surrounding the property offers a vibrant and thriving community with a range of amenities and attractions. Just minutes away, Alderwood Mall provides a wide variety of retail and dining options, catering to both professionals and local residents. The property benefits from easy access to major transportation routes, including I-5 and I-405, allowing for convenient commuting. Local parks and green spaces offer opportunities for outdoor recreation, while nearby residential neighborhoods provide a potential source of customers and employees for any future office development. With its prime location and access to key amenities, the area surrounding the property presents an exciting opportunity for office building investors.Seize this exceptional investment opportunity in a prime location off 196th St SW in Lynnwood, WA. Strategically positioned in a high-traffic area with superb visibility, this well-maintained property offers immediate rental income with current leases in place. This commercial building benefits from a strong local and regional consumer base, ample on-site parking, and proximity to major highways and commercial centers. With the recent opening of the Lynnwood Link Extension and 50,000+ projected riders by 2026, Glen Haven represents a compelling investment opportunity in a growing community with promising future development potential.
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Highlights

  • Excellent visibility and proximity to Lynnwood Transit Center
  • 100% occupancy
  • Value-add opportunity with below-market rates
  • 3 per 1,000 parking ratio

Getting around

  • 74/100

    Walk Score ®

  • 55/100

    Transit Score ®

  • 62/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Lynnwood, WA
  • Zip Code 98036
  • Market Seattle

Points of Interest

  • Edmonds

    3.86 miles

  • NE 130th Street

    6.76 miles

  • Northgate

    8.23 miles

  • Mukilteo

    8.89 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Blake Stedman

NAI Puget Sound Properties

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