4820 196th Street SW -6403 Lynnwood WA 98036 MLS #NWM2345442

Listing Provided Courtesy of Windermere RE Greenwood
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 Details

Price:
$5,500,000
MLS #:
NWM2345442
Status:
Active
Beds:
0
Baths:
0
Address:
4820 196th Street SW -6403
Type:
Land
Subdivision:
Lynnwood
Neighborhood:
730 – Southwest Snohomish
City:
Lynnwood
Listed Date:
Mar 17, 2025
State:
WA
ZIP:
98036
Lot Size:
39,640 sqft / 0.91 acres (approx)

Schools

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

Interior

Exterior

Financial

Tax Year
2024
Taxes
$13,918

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Karrie Kelley

Karrie Kelley

Realtor®

Phone 425 218-4178

More About Karrie
Listing courtesy of Windermere RE Greenwood

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Rover IDX
4820 196th Street SW -6403
Lynnwood, WA