Lynnwood, WA 98036 4820 196th Street SW
$5,500,000
1 more
Presented By: Windermere RE Greenwood and NWMLS
- MLS# 2345442
- 03/17/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
Home Details
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 ($15MM). Recently upzoned to PCD (Planned Commercial Development), allowing residential mixed use. No height or parking requirements. Ideal for 5/2 podium construction with ground level retail. City to complete new zoning & design standards by May 2025. Property is priced for developer terms. Will negotiate for quicker closing.
Presented By: Windermere RE Greenwood and NWMLS
Interior Features for 4820 196th Street SW
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Total Fireplaces
General for 4820 196th Street SW
Building Area UnitsSquare Feet
Building NameWALLENE INTERURBAN TR
Carport Y/NNo
CityLynnwood
CountySnohomish
DirectionsFrom HWY 99 take 196th St east to 48th St. Property is on the south side of the street and is securely fenced.
Elementary SchoolCedar Vly Community
Gas StatusOn Property
HOANo
HOA Fee$
High SchoolLynnwood High
High School DistrictEdmonds
Listing TermsCash Out, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet39640
Lot Size UnitsSquare Feet
MLS Area730 – Southwest Snohomish
Middle/Junior High SchoolAlderwood Mid
ModificationTimestamp2025-03-18T23:19:10.463Z
NWM_ShowMapLinkY
PossessionClosing
Possible UseMulti-Family, Office, Retail
Property FeaturesLightly Treed, Partially Cleared
Property Style43 – Comm/Industrial
Property TypeLand
Public RemarksVacant 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 allow
Senior Community Y/NNo
SewerOn Property
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeIndustrial
Subdivision NameLynnwood
Tax Annual Amount13918
Tax Year2024
UtilitiesElectricity Connected, Natural Gas Available
Zoning DescriptionMulti-Family, Office, Retail
Exterior for 4820 196th Street SW
Building Area Total
Irrigation Water Rights Y/NNo
Lot Dimensions293×139
Lot FeaturesSidewalk
Lot Number1
Lot Size Acres0.91
Road Surface TypePaved
Water SourceOn Property
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Alderwood Mid
High School
Lynnwood High
Elementary School
Cedar Vly Community Elementary School
Josh QA1
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