5707 198Th St SW Lynnwood, WA 98036
52,708 SF land in Lynnwood with significant development potential.
Property size:
52,708 SFLot size:
52.00 AcresProperty Features for 5707 198Th St SW
General Information
- Zoning
- HMU - Highway 99 Mixed-Use
- Size
- 52,708 SF
- Lot size
- 52.00 Acres
Building Details
- Year built
- 1948
Source:
Lee-associates
Listing Agent: Stuart Williams
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Lynnwood Land Acquisition Opportunity
This 52,708 SF land acquisition opportunity is located in Lynnwood. Zoned Highway 99 Mixed Use (HMU), the site allows for a maximum buildable height of up to 90 feet or 6 stories. The property includes vacant land and a mosque occupied by the Zainab Organization of Greater Seattle. Situated off Scriber Lake Rd and 198th St SW, it benefits from a location at one of the primary retail intersections in the area. The site is a 5-minute drive to both the newly opened Lynnwood City Center Station and Edmonds College. It is located 1 mile from the recently completed Lynnwood City Center Light Rail Station and offers direct access to SR-99, SR-524 and SR-526, with close proximity to I-5 and I-405. Lynnwood’s 2025-2026 biennial budget totals $420 million, with a $158 million general fund, indicating significant investment in city services and infrastructure. The city’s largest revenue source, sales tax, is projected to grow by 5.6% in 2025 and 4% in 2026, reflecting anticipated economic expansion. The Puget Sound Regional Council forecasts that the region’s population will increase by nearly 35%, reaching 5.8 million by 2050. The council predicts that approximately 65% of this population growth in Snohomish County will occur near “high-capacity transit” areas.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Lynnwood
- County
- Snohomish
- State
- Washington
- Longitude
- -122.3103699
- Latitude
- 47.8198164
Nearby Similar for Sale
FAQs
What type of property is this?
Land - 52,708 SF land in Lynnwood with significant development potential.
Where is this land located?
The property is located at 5707 198Th St SW Lynnwood, WA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: - 52,708 SF land acquisition opportunity in the heart of Lynnwood.; - Zoned Highway 99 Mixed Use (HMU) with a maximum buildable height of up to 90’ or 6-stories.; - Located a 5-minute drive from the Lynnwood City Center Station.