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

4820 196th Street SW -6403
Lynnwood, WA, 98036
$5,500,000
MLS #NWM2345442 image #0MLS #NWM2345442 image #1MLS #NWM2345442 image #2MLS #NWM2345442 image #3MLS #NWM2345442 image #4MLS #NWM2345442 image #5
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.
Current real estate data for Land in Lynnwood as of Dec 11, 2025
18
Land Listed
193
Avg DOM
$1,620,181
Avg List Price

Property Details

Price:
$5,500,000
MLS #:
NWM2345442
Status:
Active
Beds:
0
Baths:
0
Type:
Land
Subdivision:
Lynnwood
Neighborhood:
730 – Southwest Snohomish
Listed Date:
Mar 17, 2025
Lot Size:
39,640 sqft / 0.91 acres (approx)
Wallene Interurban Tr730 – Southwest Snohomish730 – Southwest SnohomishLynnwoodEdmondsCedar Vly CommunityAlderwood MidLynnwood High

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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Community

Property Summary

    Located in the Lynnwood subdivision, 4820 196th Street SW -6403 Lynnwood WA is a Land for sale in Lynnwood, WA, 98036. It is listed for $5,500,000 and features 1 acres. To schedule a showing of MLS#nwm2345442 at 4820 196th Street SW -6403 in Lynnwood, WA, contact your HomeSmart One Realty agent at 425-218-4178.

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broker reciprocity
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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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4820 196th Street SW -6403
Lynnwood, WA