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4815-4829 196th St SW
Lynnwood, WA 98036
Prime 1.5 Acre Lynnwood Commercial Property · Retail Property For Sale
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
$8,860,950 CAD
Price Per SF
$735.10 CAD
Cap Rate
3.06%
NOI
$271,145 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 | $650,329 CAD |
| Land Assessment | $4,142,723 CAD | Total Assessment | $4,793,053 CAD |
Property Taxes
Parcel Number
005017-000-017-04
Land Assessment
$4,142,723 CAD
Improvements Assessment
$650,329 CAD
Total Assessment
$4,793,053 CAD
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