Listed by Gordon Majack, Windermere Real Estate GH LLC
- Commercial Industrial
- Type
- 1960
- Year built
- 65,340 sq ft
- Lot
- 379
- Days on market
About this property
Prime 1.5 Acre Lynnwood Commercial Property now available for the first time in 70+ years! Features 250 feet of frontage on 196th St SW, just a few blocks to Lynnwood Transit Center. City has recently upzoned 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. Short walk to Light Rail Station.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2493851
- Listed
- March 23, 2026
- Days on market
- 379 (includes a prior listing period)
Parking
- Total spaces
- 90
Construction
- Year built
- 1960
- Style
- 61 - Comm Bldg Ovr 10K
- Structure
- Unspecified
- Roof
- Built-Up
Heating & cooling
- Heating
- Forced Air
- Energy source
- ElectricNatural Gas
Flooring
- Flooring
- Concrete
Lot
- Lot size
- 65,340 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Water
- Alderwood
- Sewer
- Alderwood
- Power
- PSE
What stands out to you?
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- Unspecified
- Built-Up
- Forced Air
- Electric
- Natural Gas
- Concrete
- Cash
- Conventional
Listing history
Listed
$6,525,000
March 23, 2026
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$37,997
- Principal & interest
- $32,994
- Property tax (est.)
- $5,003
Assumes $1,305,000 down (20%), a $5,220,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
Similar nearby listings
Based on information submitted to the MLS GRID as of July 13, 2026 at 11:15 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.