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Listing Office: Windermere Re Greenwood Northwest Multiple Listing Service Logo

4820 196th Street Sw, Lynnwood, WA

$5,500,000

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0.91

Acres

About 4820 196th Street Sw

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.

Features of 4820 196th Street Sw

MLS® # 2345442
Price $5,500,000
Bathrooms 0.00
Acres 0.91
Type Lot/Land
Sub-Type Land
Status Active

Community Information

Address 4820 196th Street Sw
Area 730 - Southwest Snohomish
Subdivision Lynnwood
City Lynnwood
County Snohomish
State WA
Zip Code 98036

Amenities

Is Waterfront No

Interior

Fireplace No

Exterior

Lot Description Paved, Sidewalk

School Information

District Edmonds
Elementary Cedar Vly Community
Middle Alderwood Mid
High Lynnwood High

Additional Information

Days on Market 213
Cumulative Days on Market 213
Days on Website 213
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeWindermere Re Greenwood

Listing Map

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