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1700 Magnolia Rd - 16-Unit Permitted Townhome Site in Lynnwood 1.36 Acres of Residential Land Offered at $1,999,500 in Lynnwood, WA 98036
Investment Highlights
- Minutes from transit, restaurants, shops, and more!
- Building Plans included in the sale or bring your own
- Walkable to Alderwood Mall - 5 min drive to Lynnwood Light Rail Park and Ride
Executive Summary
BUILDER ALERT! 16-Unit Townhome development Permitted with all Land Use approvals!! Building plans are also included in the sale for 2 and 3 bedroom units with 2 car garages OR bring your own building plans. All homes will overlook a wetland preservation area that will provide verdant tall tree views and privacy for the site. Some gentle sloping on part of the site. Perfect transit-oriented development (TOD) homesite close to transit and a plethora of excellent amenities such as supermarkets, restaurants, health care and shops. Great location walkable to Alderwood Mall and a 5 min car ride from the Lynnwood Light Rail Park and Ride. Easy access to I-5 and 405.
Property Facts Under Contract
| Price | $1,999,500 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 1.36 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | LDMR - Land Use approvals for 16 townhome units | ||
| Price | $1,999,500 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 1.36 AC |
| No. Stories | 1 |
| Zoning | LDMR - Land Use approvals for 16 townhome units |
1 Lot Available
Lot
| Price | $1,999,500 | Lot Size | 1.36 AC |
| Price Per AC | $1,470,220.59 |
| Price | $1,999,500 |
| Price Per AC | $1,470,220.59 |
| Lot Size | 1.36 AC |
Description
Currently a single family home with tenants zoned LDMR. Email LA for copy of approved Land Use permit package.
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Property Taxes
| Parcel Number | 003728-008-035-01 | Improvements Assessment | $218,000 |
| Land Assessment | $582,200 | Total Assessment | $800,200 |
Property Taxes
Parcel Number
003728-008-035-01
Land Assessment
$582,200
Improvements Assessment
$218,000
Total Assessment
$800,200
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1700 Magnolia Rd - 16-Unit Permitted Townhome Site in Lynnwood
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