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    1700 Magnolia Rd Lynnwood, WA 98036

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    For Sale
    $1,999,500

    16-unit townhome development site with approved land use and building plans.

    Lot size:
    1.36 Acres

    Property Features for 1700 Magnolia Rd

    General Information

    Lot size
    1.36 Acres
    Source: Corcoran

    Listing Agent: Eva Otto

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

    Overview

    Permitted Townhome Development Opportunity

    This property presents a builder alert for a permitted 16-unit townhome development. The sale includes land use approvals and building plans for two and three-bedroom units, each featuring two-car garages. Alternatively, buyers can introduce their own building plans. The homes are designed to overlook a wetland preservation area, offering views of tall trees and privacy. The site has some gentle sloping. This transit-oriented development homesite is near light rail and amenities such as supermarkets, restaurants, health care, and shops. It is walkable to Alderwood Mall and a 5-minute drive from the Lynnwood Light Rail Park and Ride, with easy access to I-5 and 405.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynnwood
    County
    Snohomish
    State
    Washington
    Longitude
    -122.2568008
    Latitude
    47.8261073

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    FAQs

    What type of property is this?
    Residential land & home lot - 16-unit townhome development site with approved land use and building plans.
    Where is this residential land & home lot located?
    The property is located at 1700 Magnolia Rd Lynnwood, WA.
    What is the asking price?
    The asking price for this property is $1,999,500.
    What are key features of this property?
    This property features: - Permitted 16-Unit Townhome Development: Includes all Land Use approvals and building plans.; - Transit-Oriented Development (TOD): Enjoy close proximity to light rail, I-5, and 405.; - Desirable Location: Walkable to Alderwood Mall and a short drive to Lynnwood Light Rail Park and Ride.
    (206) 235-6925
    Request Owner's contact information
    1700 Magnolia Rd Lynnwood, WA 98036
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    Lynnwood, WA 98036
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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
    1700 Magnolia Rd Lynnwood, WA 98036
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