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4815-4829 196th St SW
Lynnwood, WA 98036
Prime 1.5 Acre Lynnwood Commercial Property · Retail Property For Sale
Investment Highlights
- Approximately 250 feet of frontage along 196th Street SW.
- PCD zoning supports a variety of mixed-use development options.
- Located within Lynnwood's active commercial corridor.
- Walking distance to Lynnwood light rail and transit facilities.
- Existing commercial improvements provide interim functionality.
- Held by the same ownership for more than 70 years.
Executive Summary
Prime 1.5 Acre Lynnwood Commercial Property now available for the first time in 70+ years! Features 250 feet of frontage on 196th St SW, just a few blocks to Lynnwood Transit Center. City has recently upzoned 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. Short walk to Light Rail Station.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,054 SF
Building Class
C
Year Built
1964
Price
$9,027,272 CAD
Price Per SF
$748.90 CAD
Cap Rate
3.06%
NOI
$276,235 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.50 AC
Zoning
B1, Lynnwood - City has recently upzoned to PCD (Planned Commercial Development) which allows for Mixed-Use/Multi-Family Residential, including 5/2 Construction with
Property Taxes
| Parcel Number | 005017-000-017-04 | Improvements Assessment | $662,446 CAD |
| Land Assessment | $4,219,905 CAD | Total Assessment | $4,882,350 CAD |
Property Taxes
Parcel Number
005017-000-017-04
Land Assessment
$4,219,905 CAD
Improvements Assessment
$662,446 CAD
Total Assessment
$4,882,350 CAD
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