---

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.

---

---

Street Address: 4820 196th Street

---

City: Lynnwood

---

State: Washington

---

Postal Code: 98036

---

County: Snohomish

---

MLS Number: 2345442

---

Courtesy of Windermere RE Greenwood

---