Log In/Sign Up
Your email has been sent.
4820 196th St SW 0.91 Acres of Commercial Land Offered at $5,500,000 in Lynnwood, WA 98036
INVESTMENT HIGHLIGHTS
- Heavy Traffic & Light Rail
- Opportunity Zone & Heritage Bank Comm Dev Loan
- Future Upzone to PCD Mixed use - May 2025
EXECUTIVE SUMMARY
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 neogiate for quicker closing. More information: www.1concentricllc.com
DATA ROOM Click Here to Access
- Market Information
- Third Party Reports
- Title and Insurance
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
PROPERTY FACTS
1 LOT AVAILABLE
Lot 0060840020
| Price | $5,500,000 | Lot Size | 0.91 AC |
| Price Per AC | $6,043,956.04 |
| Price | $5,500,000 |
| Price Per AC | $6,043,956.04 |
| Lot Size | 0.91 AC |
0.91 Acre, 39,640 Square Feet, 293' X 193'
DESCRIPTION
Formerly Alfy's Pizza. Building burned and was removed. Vacant Land with permit ready project as 2 story, 14,000 SF commercial building, retail on ground and office on 2nd story. Rectangular and mostly level lot fronting 196th St SW and within 0.3 miles of Light Rail Station.
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 006084-002-001-03 | Total Assessment | $1,769,700 (2025) |
| Land Assessment | $1,769,700 (2025) | Annual Taxes | ($1) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
006084-002-001-03
Land Assessment
$1,769,700 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$1,769,700 (2025)
Annual Taxes
($1)
Tax Year
2024 Payable 2024
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
4820 196th St SW
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.