4820 196th Street SW

Lynnwood, WA 98036

  • Bed

  • Bath

  • 0 SqFt

  • 51 DOM

  • Built:

  • Status: Active

$5,500,000

X

4820 196th Street SW

Lynnwood 98036

$5500000

  • Bed

  • Bath

  • 0 SqFt

  • 51 DOM

  • Built:

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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. Lower asking for quicker closing. More information: www.1concentricllc.com

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Residence Information

  • 0

  • 43 - Comm/Industrial

Features and Utilities

  • On Property

  • On Property

Financial

  • 13918

  • Cash Out, Conventional

  • 03-17-2025

Comparable Information

  • 51

  • 51

  • Cash Out, Conventional

  • $5,500,000

  • $5,500,000

  • Mar 17, 2025 15:43

Schools

Elementary : Cedar Vly Commu N/A Ratings
Middle : Alderwood Mid N/A Ratings
High : Lynnwood High N/A Ratings

Map

Listing courtesy of Windermere RE Greenwood.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: May 07, 2025 14:31 | Listing last modified Mar 17, 2025 15:43. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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