4820 196th Street Sw #1, Lynnwood, WA 98036

Local realty services provided by:Better Homes and Gardens Real Estate Gary Mann Realty
Listed by:jack malek
Office:windermere re greenwood
MLS#:2345442
Source:NWMLS
4820 196th Street Sw #1,Lynnwood, WA 98036
$5,500,000
  • 0.91 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$5,500,000

About this home

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.

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Home facts

  • Listing ID #:2345442
  • Updated:September 26, 2025 at 12:16 AM

Structure and exterior

  • Lot area:0.91 Acres

Schools

  • High school:Lynnwood High
  • Middle school:Alderwood Mid
  • Elementary school:Cedar Vly Community

Utilities

  • Water:On Property
  • Sewer:On Property

Finances and disclosures

  • Price:$5,500,000
  • Tax amount:$13,918 (2024)
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