Nation’s largest used car dealer starts work on Lynnwood lot

Publicly traded CarMax is building one of its first used car dealerships in the Puget Sound region in Lynnwood. The lot is expected to include 580 parking stalls, including 402 for sales. (Jim Davis / HBJ)

Publicly traded CarMax is building one of its first used car dealerships in the Puget Sound region in Lynnwood. The lot is expected to include 580 parking stalls, including 402 for sales. (Jim Davis / HBJ)

LYNNWOOD — Construction is under way on a CarMax dealership along Highway 99.

The publicly traded company bills itself as the nation’s largest used auto dealership. It’s big enough to rank on the Fortune 500 list of wealthiest U.S. companies.

Work started last month on the 9-acre site of the former Detroit Autoworks property along Highway 99 at 212th Street SW. The project is expected to be finished in March.

Sierra Construction of Woodinville is the general contactor.

Plans call for a 19,277-square-foot, single-story building and a 926-square-foot car wash. The lot will include 580 parking stalls, 402 for sales and 178 for customers and employees.

The site will also include three-quarters of an acre landscaped retention pond.

CarMax earlier said that new dealerships typically cost between $10 million to $25 million.

This and another dealership being built in Puyallup are the company’s first foray into the Puget Sound area. The only other CarMax dealership in the state opened two years ago in Spokane Valley.

CarMax, based in Richmond, Virginia, has about 50,000 vehicles at its more than 150 stores nationwide. It’s growing by about 13 to 16 stores a year.

CarMax was started in the early 1990s by Circuit City executives who were looking to create a national retail chain without a national competitor, according to the CarMax website.

Circuit City, which went out of business in 2009, invested $50 million into the CarMax concept. The company sold its first car, a 1993 Jeep Grand Cherokee in 1993.

CarMax became its own company in 1997 and is traded under the ticker symbol KMX.

Talk to us

More in Herald Business Journal

Logo for news use featuring Snohomish County, Washington. 220118
Business Briefs: State minimum wage rises in January

Also, Boeing workers’ donations support local nonprofits and fundraiser for businesses impacted by Bolt Creek wildfire.

Jollee Nichols, right, and daughter Ruby, 2, work on an art project together at the Imagine Children’s Museum on Wednesday, Oct. 26, 2022 in Everett, Washington. (Olivia Vanni / The Herald)
With new addition, Imagine Children’s Museum doubles in size

More than just space, the Everett museum’s new $25 million wing is an investment in mental health.

Artistic rendering of 526 Speedway exterior. (Mosaic Avenue Realty Ltd.)
Mosaic Homes looks to add industrial condo space in Mukilteo

Mosaic Homes steps into commercial real estate development with 526 Speedway, an industrial condo project.

Andy Illyn with a selection of his greeting cards, Cardstalked, that are sold at What’s Bloomin’ Floral on Friday, Oct. 28, 2022 in Arlington, Washington. (Olivia Vanni / The Herald)
Adventure-seeking cop finds new thrill in greeting cards

Mukilteo assistant police chief Andy Illyn unwinds by turning puns and dad jokes into greeting cards.

Dan Murphy, left, Mary Fosse and Rex Habner. (BadgleyPhotography.com / Snohomish & Island County Labor Council)
Everett City Council member honored by local labor council

Mary Fosse, candidate for District 38, receives the first annual Mike Sells Labor Champion award.

Lisa Lefeber, CEO of the Port of Everett, speaks to a crowd while in front of a sign celebrating the opening of the new Norton Terminal on Thursday, Dec. 1, 2022, at the Port of Everett in Everett, Washington. (Ryan Berry / The Herald)
Port of Everett christens new Norton cargo terminal

The $40 million terminal took two years to complete and doubles the port’s storage capacity.

Screen printed dish towels available at Madrona Supply Company on Saturday, Oct. 22, 2022 in Clinton, Washington. (Olivia Vanni / The Herald)
Do some good along with your Christmas shopping

Head across the Sound to Whidbey Island for gift-buying with a do-gooder spirit

Shoppers walk in and out of Macy’s at Alderwood Mall were Black Friday deals are being advertised on Thursday, Nov. 17, 2022 in Lynnwood, Washington. (Olivia Vanni / The Herald)
Go ahead, hit snooze: Most Black Friday deals are online

Braving the stores on Black Friday is still a thing, but more retailers are closed on Thanksgiving.

FILE - In this photo provided by the Washington State Department of Natural Resources, a crane and boats are anchored next to a collapsed "net pen" used by Cooke Aquaculture Pacific to farm Atlantic Salmon near Cypress Island in Washington state on Aug. 28, 2017, after a failure of the nets allowed tens of thousands of the nonnative fish to escape. A Washington state jury on Wednesday, June 22, 2022, awarded the Lummi Indian tribe $595,000 over the 2017 collapse of the net pen where Atlantic salmon were being raised, an event that elicited fears of damage to wild salmon runs and prompted the Legislature to ban the farming of the nonnative fish. (David Bergvall/Washington State Department of Natural Resources via AP, File)
State won’t renew leases for Puget Sound fish farms

Cooke Aquaculture has until Dec. 14 to wrap up steelhead farming and begin deconstructing their equipment.

Kevin Flynn, right, a meat-cutter with the Marysville Albertsons, hands a leaflet to a shopper during an informational campaign on Wednesday, Nov. 9, 2022. Flynn was one of about a dozen grocery store workers handing out leaflets to shoppers about the proposed merger between Albertsons and Kroger. (Mike Henneke / The Herald)
Proposed merger of Albertsons and Kroger worries employees

Workers at an Albertsons in Marysville urge shoppers to sign a petition blocking the $25 billion deal.

Kim Taylor, left, and Jeff Stoner co-own Greenbank Cidery, a newly opened taproom on Whidbey Island with eight varieties of cider on tap. (Rachel Rosen / Whidbey News-Times)
Cider tasting room opens on Whidbey Island

The owners of Greenbank Cidery have opened a tasting room in Coupeville. Eight varieties of cider are on tap.

Erika Heer, EVP, Chief Human Resources Officer at Coastal Community Bank
Quiet Quitting – the good, bad and what to do about it

Mid-summer, the term ‘quiet quitting’ became a part of the vocabulary of… Continue reading