4820 196th Street Sw #1, Lynnwood, WA 98036

Local realty services provided by:Knipe Realty ERA Powered
Listed by: jack malek
Office: windermere re greenwood
MLS#:2345442
Source:NWMLS
4820 196th Street Sw #1,Lynnwood, WA 98036
$5,500,000
  • 0.91 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$5,500,000

About this home

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.

Contact an agent

contact an agent

Yes, I would like more information from ERA®. Please use and/or share my information with an ERA affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an ERA affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Listing ID #:2345442
  • Updated:November 15, 2025 at 12:06 PM

Structure and exterior

  • Lot area:0.91 Acres

Schools

  • High school:Lynnwood High
  • Middle school:Alderwood Mid
  • Elementary school:Cedar Vly Community

Utilities

  • Water:On Property
  • Sewer:On Property

Finances and disclosures

  • Price:$5,500,000
  • Tax amount:$13,918 (2024)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of November 15, 2025. All data is obtained from various sources and may not have been verified by broker 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.

New listings near 4820 196th Street Sw #1