Vacant Land (0.91 Acres) on 196th St - Transit Oriented Development, Former Alfy's Pizza. Mostly level and cleared and blocks from Light Rail Station (0.3 miles). Located within Opportunity Zone allowing deferred-reduced-excluded gains taxes and eligible for Heritage Community Development Loan ($15MM). Recently upzoned to PCD (Planned Commercial Development), allowing residential mixed use. No height or parking requirements. Ideal for 5/2 podium construction with ground level retail. City to complete new zoning & design standards by May 2025. Property is priced for developer terms. Lower asking for quicker closing. More information: www.1concentricllc.com
Listing Provided Courtesy of Jack Malek, Windermere RE Greenwood
General Information
NWM2345442
Land
96
DOM
0.91 acres
0
Multi-F
Snohomish
Cedar Vly Commu
Alderwood Mid
Lynnwood High
Land
Land
Listing Provided Courtesy of Jack Malek, Windermere RE Greenwood
Krishna Realty data last checked: Jun 21, 2025 10:58 | Listing last modified Mar 17, 2025 15:43,
Source:
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Residence Information
0
43 - Comm/Industrial
Features and Utilities
On Property
On Property
Financial
13918
Cash Out, Conventional
03-17-2025
Comparable Information
96
96
Cash Out, Conventional
$5,500,000
$5,500,000
Mar 17, 2025 15:43
Schools
Elementary : Cedar Vly CommuN/ARatings Middle : Alderwood Mid N/ARatings High : Lynnwood HighN/ARatings
Vacant Land (0.91 Acres) on 196th St - Transit Oriented Development, Former Alfy's Pizza. Mostly level and cleared and blocks from Light Rail Station (0.3 miles). Located within Opportunity Zone allowing deferred-reduced-excluded gains taxes and eligible for Heritage Community Development Loan ($15MM). Recently upzoned to PCD (Planned Commercial Development), allowing residential mixed use. No height or parking requirements. Ideal for 5/2 podium construction with ground level retail. City to complete new zoning & design standards by May 2025. Property is priced for developer terms. Lower asking for quicker closing. More information: www.1concentricllc.com
