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

  4820 196th Street SW Lynnwood, WA 98036

Active (56 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 May 12 2025 at 1:56 PM GMT-0700
Bathroom Details
Subdivision
  • Lynnwood
Lot Information
  • Paved
  • Sidewalk
Property Features
  • Fireplace: 0
Utility Information
  • Utilities: Electricity Connected, Natural Gas Available
  • Sewer: On Property
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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Disclaimer: Based on information submitted to the MLS GRID as of 5/12/25 06:56. 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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Richard Caplan

Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.

Untitled (253 x 95 px)
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Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.  The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.