Lynnwood Land Near Rail
For Sale
$4,400,000
16620 Ash Way, Lynnwood, WA 98087
Development land near I-5 and future Lynnwood Rail Station.
Property Size8,040 SF
Price / SF$547.26
Days on Market757
Property Features for 16620 Ash Way
General Information
Standard status
Active
Size
8,040 SF
Building Details
Year Built
1973
Listing Agency:
KW COMMERCIAL GSWA MCI LLC
Listed By:
MELISSA JOHNSON
(425) 482-6100
Source:
Corcoran
Added: Aug 13, 2024
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 KW COMMERCIAL GSWA MCI LLC
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Explore this area
Business Placement
Demographics for 98087, WA
40,711
Population
16,625
Households
2.4
Avg Household Size
35
Median Age
39%
College-Educated
91%
High-School Grad
5.7 sq mi
ZIP Area
7,142
Density / Sq Mi
$106,541
Median Household Income
$56,592
Median Earnings
$2,010
Median Rent
$633,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
