Lynnwood Land Acquisition
5707 198th St SW, Lynnwood, WA 98036
52,708 SF land in Lynnwood with significant development potential.
Type:Land
Property size:
52,708 SFPrice / SF:
$75/SF- Added:
- Sep 10, 2025
- Days on Market:
- 260
- Last Refresh:
- May 9 at 1:06 am
Property Features for 5707 198th St SW
General Information
- Standard status
- Active
- Size
- 52,708 SF
- Property subtype
- Land
Building Details
- Year Built
- 1948
Listing agent Stuart Williams (425) 417-5078
Listing office Lee & Associates Commercial Real Estate Services (425) 417-5078
Listing date Sep 10, 2025
Source Lee-associates
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
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.
- Direct access to SR‑99, SR‑524 and SR‑526, with close proximity to I‑5 and I‑405.
- Located a 5‑minute drive from Edmonds College.
- Significant city investment in services and infrastructure, with a $420 million biennial budget.
Overview
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.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Lynnwood
- County
- Snohomish
- State
- Washington
- Longitude
- -122.31
- Latitude
- 47.8198
Nearby Similar for Sale
FAQs
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.
