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    16620 Ash Way Lynnwood, WA 98087

    For Sale
    $4,400,000

    Development land near I-5 and future Lynnwood Rail Station.

    Property size:
    8,040 SF

    Property Features for 16620 Ash Way

    General Information

    Size
    8,040 SF

    Building Details

    Year built
    1973

    Source: KW COMMERCIAL GSWA MCI LLC Agent MELISSA JOHNSON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lynnwood Land Near Rail Station

    This 8,040 square foot commercial land parcel is located off I-5 Freeway and 164th St in Lynnwood. It is zoned Urban Center (UC), which allows for a variety of uses, including multi-family, retail, office, civic, and medical. The zoning permits building heights up to 90 feet, or approximately nine stories. An additional 35 feet in height, or approximately three stories, may be allowed due to the property's location within 1/8 mile of a transit center, specifically the new Rail Station. This property is suitable for developers and builders looking for a new location in Lynnwood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nejat Church Church Gateway Centre Church Church

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.2630731
    Latitude
    47.847511

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    FAQs

    What type of property is this?
    Commercial land - Development land near I-5 and future Lynnwood Rail Station.
    Where is this commercial land located?
    The property is located at 16620 Ash Way Lynnwood, WA.
    What is the asking price?
    The asking price for this property is $4,400,000.
    What are key features of this property?
    This property features: - Zoned Urban Center (UC) allowing for diverse uses: Multi-Family, Retail, Office, Civic, Medical, and more.; - Potential for **high-density development: up to 90' in height (~9 Stories) allowed.**; - Additional height allowance: potentially up to 125' (~12 Stories) within 1/8 mile of the new Rail Station.
    Request Owner's contact information
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    Lynnwood, WA 98087
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16620 Ash Way Lynnwood, WA 98087
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