The Brown Group of Marcus & Millichap has been selected to exclusively market for sale Meadowdale, an 20,150 SF two-story commercial building in Lynnwood, Washington, offering an owner-user or value-add opportunity. Currently 50% occupied, an owner-user can occupy the vacant space while collecting income from in-place retail and office tenants, or a value-add investor can lease up the vacant space at market rents. Offered at $226/SF — significantly below replacement cost — with in-place NNN rents averaging $15.36/SF against achievable market rents above $30/SF NNN, the property presents substantial upside. Built in 2009 and well maintained, the property has received nearly $1M in renovations including interior suite upgrades, electrical upgrades, and VAV unit replacements. Located adjacent to the corner of 44th Ave W and 168th St SW with 76,000+ combined VPD from nearby Hwy 99 (39,000+ VPD) and 44th Ave W (36,000+ VPD), the property offers excellent visibility, easy ingress/egress from multiple arterials, and ample parking. The surrounding trade area includes dense residential neighborhoods and national retailers such as Walmart, Grocery Outlet, Starbucks, AutoZone, and O'Reilly Auto Parts. Within five miles, the property serves approximately 315,000 residents with average household incomes exceeding $135,000. Washington's lack of state income tax further enhances after-tax returns.