4820 196th Street SW Lynnwood, WA 98036

Active (228 Days)

$5,500,000 ^(USD)

0.91

ACRES

See Similar Listings

Favorite
Hide
Share
- Share
- Link
- sqft,bd,%sbth,MLS#2345442

See Similar Listings

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 Oct 31 2025 at 7:15 AM GMT+0000

Bathroom Details

Subdivision

Lynnwood

Lot Information

Sidewalk
Paved

Property Features

Fireplace: 0

Utility Information

Utilities: Natural Gas Available, Electricity Connected
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.

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price

Down payment

Interest rate

Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.

Disclaimer: Based on information submitted to the MLS GRID as of 10/31/25 00:15. All data is obtained from various sources and may not have been verified by Windermere Real Estate Services Company, Inc. 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.