Lynnwood Land Acquisition
For Sale
$4,000,000
5707 198th St SW, Lynnwood, WA 98036
52,708 SF land in Lynnwood with significant development potential.
Property Size52,708 SF
Price / SF$75.89
Days on Market348
Property Features for 5707 198th St SW
General Information
Standard status
Active
Size
52,708 SF
Property subtype
Land
Zoning
HMU - Highway 99 Mixed-Use
Building Details
Year Built
1948
Listing Agency:
Lee & Associates Commercial Real Estate Services
(425) 417-5078
Listed By:
Stuart Williams
(425) 417-5078
Source:
Lee-associates
Added: Sep 10, 2025
Changed: Aug 9
Last Checked: Aug 22 at 4:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates Commercial Real Estate Services
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,198
Businesses Nearby
Explore this area
Business Placement
Demographics for 98036, WA
42,248
Population
17,228
Households
2.5
Avg Household Size
39
Median Age
39%
College-Educated
92%
High-School Grad
9.6 sq mi
ZIP Area
4,401
Density / Sq Mi
$89,566
Median Household Income
$54,455
Median Earnings
$1,686
Median Rent
$693,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
