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Listed by Windermere RE Greenwood
$ 5,500,000
Est. payment /mo
Active
4820 196th ST SW Lynnwood, WA 98036
0.91 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Lynnwood
MLS Listing ID 2345442
Style 43 - Comm/Industrial
Annual Tax Amount $13,918
Lot Size 0.910 Acres
Lot Dimensions 293x139
Property Sub-Type Land
Property 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.
Location
State WA
County Snohomish
Area 730 - Southwest Snohomish
Interior
Fireplace false
Exterior
Utilities Available Electricity Connected, Natural Gas Available
View Y/N No
Building
Lot Description Paved, Sidewalk
Sewer On Property
Water On Property
Schools
Elementary Schools Cedar Vly Community
Middle Schools Alderwood Mid
High Schools Lynnwood High
School District Edmonds
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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