Overview

Highlights

• Located 1 mile /5-minute drive away from the recently completed Lynnwood City Center Light Rail Station.
• Direct access to SR-99, SR-524 and SR-526, with close proximity to I-5 and I-405.
• Demand in Lynnwood will continue to rise, as relatively cheap rents and easy access to job centers in the south attract more people to live near the new transit line.
• 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.

Description

Scriber Lake Rd (the “Project”), is a 27,007 SF land acquisition opportunity in the heart of Lynnwood. The site, zoned Highway 99 Mixed Use (HMU), offers significant potential with a maximum buildable height of up to 90’ or 6-stories and can accommodate over 100 units. The property features a combination of vacant space and office tenants, all with lease terms of less than two years. This property is conveniently located off of Scriber Lake Rd and 196th St SW, one of the primary retail intersections in the area. It is just a 5-minute drive to both the newly opened Lynnwood City Center Station and Edmonds College.

Location

19701 Scriber Lake Rd is situated approximately 2 miles from the 1.5 million SF Alderwood Mall, one of the region’s largest retail hubs, 1 mile east of Edmonds College, and 1 mile to the new Light Rail Transit. Lynnwood boasts one of the highest concentrations of retailers in the region, with nearby shopping options along Pacific Highway and 196th St SW that include Costco, Fred Meyer, Safeway, and Trader Joe’s.

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