4820 196th Street SW Lynnwood, WA 98036
Listing Courtesy of: Northwest MLS / Windermere Nw / Jack Malek

  4820 196th Street SW Lynnwood, WA 98036

Active (3 Days)
$5,500,000
0.91
ACRES
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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.

MLS #:
2345442
Taxes
$13,918(2024)
Lot Size
0.91 acres
Type
Land
Building Name
Wallene Interurban Tr
Style
Comm/Industrial
School District
Edmonds
County
Snohomish County
Community
Lynnwood

Listed By

Jack Malek, Windermere Nw
Source
Northwest MLS as distributed by MLS Grid
Last checked Mar 21 2025 at 4:26 AM UTC
Bathroom Details
Subdivision
  • Lynnwood
Lot Information
  • Sidewalk
  • Paved
Property Features
  • Fireplace: 0
Utility Information
  • Utilities: Natural Gas Available, Electricity Connected
  • Sewer: On Property
  • Energy: Green Generation:, Green Efficiency:, Green Verification:
School Information
  • Elementary School: Cedar Vly Community
  • Middle School: Alderwood Mid
  • High School: Lynnwood High
Additional Listing Info
  • Buyer Brokerage Compensation: 2
Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.
Location
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$27,450 /mo.

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
($1,100,000)
Interest rate
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Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information submitted to the MLS GRID as of 3/20/25 21:26. 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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