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Listed by Windermere Real Estate GH LLC
$ 6,525,000
Est. payment | /mo
1.5 Acres Lot
$ 6,525,000
Est. payment | /mo
1.5 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Downtown - Lynnwood
MLS Listing ID 2401743
Style 43 - Comm/Industrial
Annual Tax Amount $28,090
Lot Size 1.500 Acres
Property Sub-Type Land
Property Description
Prime 1.5 Acre Lynnwood Commercial Property now available for the first time in 70+ years! Features 240+ feet of frontage on 196th St SW, just a few blocks to Lynnwood Transit Center. City is up zoning on 7/1/25 to PCD (Planned Commercial Development) which allows for Mixed-Use/Multi-Family Residential, including 5/2 Construction with ground-floor retail, and no height or parking restrictions. Ideally located in Lynnwood's Opportunity Zone, which offers a variety of tax benefits and eligibility for Heritage Community Development financing. Short walk to Light Rail Station. Includes income-producing option from 2 existing tenants.
Location
State WA
County Snohomish
Area 730 - Southwest Snohomish
Interior
Fireplace false
Exterior
Utilities Available Electricity Connected, Natural Gas Available
View Y/N No
Garage Yes
Building
Lot Description Curbs, Paved, Sidewalk
Sewer On Property
Water On Property
Schools
School District Edmonds
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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RSVP Real Estate Group
Real Estate Firm | License ID: 17634
Real Estate Firm License ID: 17634