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.
Well maintained 1.49 acre mobile home park in a great location in central Lynnwood and close to shopping, schools, emergency services, and recreation. Minutes to Seattle, Everett, Boeing, and the Eastside. (16) MH spaces plus an additional RV hook-up and a newly renovated 3-bedroom house. Updated water supply system, site is connected to city water and sewer. (2) of the units are park-owned, all the others are tenant-owned. Opportunities for additional income: filling (1) existing vacant home space, (1) RV hook-up space, individual metering of the utilities, and renting the house. Buyer to confirm market rent outlook. Proforma 6.3 Cap Rate.
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Lynnwood is located in Washington. Lynnwood, Washington has a population of 38,812. Lynnwood is less family-centric than the surrounding county with 30.32% of the households containing married families with children. The county average for households married with children is 35.29%.
The median household income in Lynnwood, Washington is $67,576. The median household income for the surrounding county is $95,618 compared to the national median of $69,021. The median age of people living in Lynnwood is 39.6 years.
The average high temperature in July is 73.5 degrees, with an average low temperature in January of 36.2 degrees. The average rainfall is approximately 38.2 inches per year, with 3.7 inches of snow per year.