4820 196th Street SW
Lynnwood, WA 98036
0.91 acres | #2345442
Description
Vacant Land (0.91 Acres) on 196th St - Transit Oriented Development, Former Alfy's Pizza. Mostly level and cleared and blocks from Light Rail Station (0.3 miles). Located within Opportunity Zone allowing deferred-reduced-excluded gains taxes and eligible for Heritage Community Development Loan ($15MM). Recently upzoned to PCD (Planned Commercial Development), allowing residential mixed use. No height or parking requirements. Ideal for 5/2 podium construction with ground level retail. City to complete new zoning & design standards by May 2025. Property is priced for developer terms. Will negotiate for quicker closing.
Property Details
- Utility FeaturesElectricity Connected, Natural Gas Available
- Style43 - Comm/Industrial
- Elementary SchoolCedar Vly Community
- Lot DescriptionPaved, Sidewalk
- Date ListedMarch 17, 2025
- Middle SchoolAlderwood Mid
- High SchoolLynnwood High
- Sewer InformationOn Property
- Utility SourceOn Property
- Original List Price$5,500,000
- Structure TypeIndustrial
- CountySnohomish
- Property TypePurchase
- SubdivisionLynnwood
- School DistrictEdmonds
- Taxes Annual$13,918
- MLS #2345442
- Cost5500000
- MLS #2345442
- Acres0.91
- Property SubtypeLand
- Days on Market (Cumulative)9
Location
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-03-18 23:19:10. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Jack Malek (#NWM50861)
Listing Office: Windermere RE Greenwood (#NWM4894)
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