4820 196th Street SW Lynnwood, WA 98036
4820 196th Street SW
Lynnwood, WA 98036
$5,500,000
Land
0 Beds
0.00 Baths
0 SqFt
Active
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 Features
Community: Lynnwood
Comm/Industrial
Lightly Treed
Partially Cleared
Pool: Above Ground
2024 Taxes: $13918.00
Buyer Broker Compensation: 2%
Listing #: 2345442
Lot Details
Lot Size: 0.91 acres
Lot Dimensions: 293x139
Paved
Sidewalk
Road Sides: North
Road: Paved
Utilities
Electricity: On Property
Water: On Property
Gas: On Property
Sewer: On Property
Schools
District: Edmonds
Elem: Cedar Vly Community
Middle: Alderwood Mid
High: Lynnwood High
Call or Email:
Grace Wamwere
What's Near 4820 196th Street SW Lynnwood, WA 98036?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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Courtesy of Windermere RE Greenwood
