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Listing Firm: Windermere RE Greenwood: Jack Malek

Active
NWMLS # 2345442

$5,500,000

  • - Beds
  • - Baths
  • - Sq.ft.

4820 196th Street SW, Lynnwood, WA 98036-6403

Listings with the three tree icon are courtesy of NWMLS

About This Property

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.

Aris360 Last Checked: 1 Minute Ago (Jul 04, 2025 10:27 AM)

  • Source: NWMLS as Distributed by MLS Grid #2345442

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 196th
  • Zip/Postal Code: 98036
  • City: Lynnwood

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$3,847 per month
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Property Features

  • County
    • Lynnwood
  • Community
    • 730 - Southwest Snohomish
  • MLS Area
    • 730 - Southwest Snohomish
  • Longitude
    • -122.298754
  • Latitude
    • 47.82051
  • Project
    • WALLENE INTERURBAN TR
  • Directions
    • From HWY 99 take 196th St east to 48th St. Property is on the south side of the street and is securely fenced.

  • Style
    • 43 - Comm/Industrial
  • Lot Description
    • Paved,
    • Sidewalk,
  • Elevation
    • Feet
  • Water Source
    • On Property,
  • Septic or Sewer
    • On Property,
  • Lot Size in Acres

    • 1

  • Building Total Area (Sq. Ft.)
    • 39640
  • Utilities
    • Electricity Connected,
    • Natural Gas Available,
  • Electric On Property
    • Yes

  • High School District
    • Edmonds
  • Jr. High School
    • Alderwood Mid
  • Elementary School
    • Cedar Vly Community
  • High School
    • Lynnwood High

  • Possession
    • Closing,
  • Property Type
    • Land
  • Property SubType
    • Land
  • Tax Year
    • 2024
  • Structure Type
    • Other,
  • Tax Amount
    • $13918
  • Status
    • Active
  • Project
    • WALLENE INTERURBAN TR

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Disclaimer: Based on information submitted to the MLS GRID as of Fri Jul 04 2025 . 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.

Jul 04, 2025 10:27 AM