4820 196th St SW - Commercial LAND FOR SALE


Lynnwood, WA 98036- Outlying Lynnwood-Snohomish39,640 SF
$5,500,000 USD
206-527-5250
4820 196th St SW, Lynnwood, WA for Sale
$5,500,000 USD
Commercial LAND - FOR SALE
1/12
39,640 SF

4820 196th St SW
Lynnwood, WA 98036
Outlying Lynnwood-Snohomish


HIGHLIGHTS

  • Heavy Traffic & Light Rail
  • Future Upzone to PCD Mixed use - May 2025
  • Opportunity Zone & Heritage Bank Comm Dev Loan

OVERVIEW

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 neogiate for quicker closing. More information: www.1concentricllc.com

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/ACRE

$6,043,895/AC

PRICE/SF

$139 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Mixed Use

LAND ACRES

0.91 AC

LAND SF

39,640 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

PCD

APN/PARCEL ID

006084-002-001-03

ASK ABOUT THIS PROPERTY

Jack MalekWindermere Real Estate GreenwoodMore Info
206-527-5250

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jack MalekWindermere Real Estate GreenwoodMore Info
206-527-5250

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.