5707 198th St SW Lynnwood, WA 98036

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.