Prime Lynnwood Commercial
For Sale
$6,525,000
4829 196th Street, Lynnwood, WA 98036
1.5 acre commercial property with frontage on 196th St SW.
Property SizeContact for details
Days on Market414
Property Features for 4829 196th Street
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$28,090
Building Details
Year Built
1960
Listing Agency:
WINDERMERE REAL ESTATE GH LLC
(425) 672-1118
Listed By:
GORDON MAJACK
Source:
Corcoran
Added: Jun 25, 2025
Changed: Mar 16
Last Checked: Aug 12 at 10:02AM
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 WINDERMERE REAL ESTATE GH LLC
Investment Insights
Based on property information with market context.
This commercial property in Lynnwood, available for the first time in over 70 years, offers 1.5 acres of land. It features over 240 feet of frontage on 196th Street SW, and is located a few blocks from the Lynnwood Transit Center. The city is planning an upzoning on July 1, 2025, to PCD (Planned Commercial Development), which allows for Mixed-Use/Multi-Family Residential, including 5/2 Construction with ground-floor retail, and no height or parking restrictions. The property is a short walk to the Light Rail Station. The property includes an income-producing option from existing tenants.
Key Highlights
- Prime 1.5 acre commercial property in Lynnwood.
- Boasts 240+ feet of frontage on 196th St SW.
- Upzoning to PCD on 7/1/25 allows for Mixed‑Use/Multi‑Family Residential.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,456
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?
Commercial land - 1.5 acre commercial property with frontage on 196th St SW.
Where is this commercial land located?
The property is located at 4829 196th Street Lynnwood, WA.
What is the asking price?
The asking price for this property is $6,525,000.
What are key features of this property?
This property features: Prime 1.5 acre commercial property in Lynnwood.; Boasts 240+ feet of frontage on 196th St SW.; Upzoning to PCD on 7/1/25 allows for Mixed‑Use/Multi‑Family Residential.
