{"id":8118,"date":"2025-10-31T16:30:56","date_gmt":"2025-10-31T23:30:56","guid":{"rendered":"https:\/\/www.lee-associates.com\/northwest\/?p=8118"},"modified":"2026-08-04T09:36:11","modified_gmt":"2026-08-04T16:36:11","slug":"case-study-19510-58th-ave-w","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/northwest\/2025\/10\/31\/case-study-19510-58th-ave-w\/","title":{"rendered":"Lynnwood Land Development Sale Case Study: 19510 58th Ave W"},"content":{"rendered":"<div id=\"pl-8118\"  class=\"panel-layout\" ><div id=\"pg-8118-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-8118-0-0\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><div id=\"pgc-8118-0-1\"  class=\"panel-grid-cell panel-grid-cell-mobile-last\" ><div id=\"panel-8118-0-1-0\" class=\"so-panel widget widget_sow-headline panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-headline so-widget-sow-headline-default-bdfc1dc96073-8118\"\n\t\t\t\n\t\t><div class=\"sow-headline-container \">\n\t\t\t\t\t\t\t<h2 class=\"sow-headline\">\n\t\t\t\t\t\tMission Accomplished: 19510 58th Ave W | Land Development Site\t\t\t\t\t\t<\/h2>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"decoration\">\n\t\t\t\t\t\t<div class=\"decoration-inside\"><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n<\/div><\/div><\/div><div id=\"pgc-8118-0-2\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><div id=\"pg-8118-1\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-8118-1-0\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><div id=\"pgc-8118-1-1\"  class=\"panel-grid-cell panel-grid-cell-mobile-last\" ><div id=\"panel-8118-1-1-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-113ccd71f3e6-8118\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/12\/Aerial-Website-768x579.jpg\" width=\"768\" height=\"579\" srcset=\"https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/12\/Aerial-Website-768x579.jpg 768w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/12\/Aerial-Website-300x226.jpg 300w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/12\/Aerial-Website-1024x772.jpg 1024w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/12\/Aerial-Website-1536x1159.jpg 1536w, https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2025\/12\/Aerial-Website-2048x1545.jpg 2048w\" sizes=\"(max-width: 768px) 100vw, 768px\" title=\"Aerial&#8212;Website\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t<\/div>\n\n<\/div><\/div><\/div><div id=\"pgc-8118-1-2\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><div id=\"pg-8118-2\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-8118-2-0\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><div id=\"pgc-8118-2-1\"  class=\"panel-grid-cell\" ><div id=\"panel-8118-2-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"2\" ><div class=\"panel-widget-style panel-widget-style-for-8118-2-1-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h2><strong><span style=\"color: #009ad9\">OVERVIEW<\/span><\/strong><\/h2>\n<ul style=\"list-style-type: square\">\n<li>19510 58th Ave W, Lynnwood, WA<\/li>\n<li>Land Development Site<\/li>\n<li>32,670 SF \/ 0.75 AC<\/li>\n<li>Seller Representation<\/li>\n<li>Sale Price: $2,600,000<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div><\/div><div id=\"panel-8118-2-1-1\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"3\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h2><strong><span style=\"color: #009ad9\">Outcome<\/span><\/strong><\/h2>\n<p><strong>Listed:<\/strong> June 10, 2024<br \/>\n<strong>Under Contract:<\/strong> September 6, 2024<br \/>\n<strong>Closed:<\/strong> October 31, 2025<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-8118-2-2\"  class=\"panel-grid-cell panel-grid-cell-mobile-last\" ><div id=\"panel-8118-2-2-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"4\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h2><strong><span style=\"color: #009ad9\">The Challenge<\/span><\/strong><\/h2>\n<p>The primary challenge was positioning the site competitively despite its distance from Lynnwood\u2019s light rail development activity. High interest rates and construction costs made land acquisitions difficult, reducing the number of multifamily developers able to\u00a0 meet the seller\u2019s target pricing. Additionally, there was uncertainty around Lynnwood\u2019s permitting timelines and the parcel\u2019s size, which limited achievable density. These conditions made it necessary to explore alternatives beyond traditional apartment developers to maximize value.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-8118-2-2-1\" class=\"so-panel widget widget_sow-editor panel-last-child\" data-index=\"5\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h2><strong><span style=\"color: #009ad9\">Our Approach<\/span><\/strong><\/h2>\n<p>We analyzed multiple highest-and-best-use scenarios and broadened the buyer pool to include non-traditional users such as townhome builders, commercial owner-users, and specialty operators. By reframing the offering around the site\u2019s access, zoning flexibility, and long-term area growth\u2014not just proximity to light rail\u2014we created renewed interest in a challenging rate environment. Focused outreach to groups still active in this cycle allowed us to bypass the limited multifamily demand and generate competitive engagement. The ultimate buyer was a day care operator.<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-8118-2-3\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><div id=\"pg-8118-3\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-8118-3-0\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><div id=\"pgc-8118-3-1\"  class=\"panel-grid-cell panel-grid-cell-mobile-last\" ><div id=\"panel-8118-3-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"6\" ><div class=\"panel-widget-style panel-widget-style-for-8118-3-1-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><em>For more information regarding this case study, please contact:<\/em><\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pgc-8118-3-2\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><div id=\"pg-8118-4\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-8118-4-0\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><div id=\"pgc-8118-4-1\"  class=\"panel-grid-cell\" ><div id=\"panel-8118-4-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"7\" ><div class=\"panel-widget-style panel-widget-style-for-8118-4-1-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><span style=\"color: #003146\"><strong>STUART WILLIAMS<\/strong><\/span><\/p>\n<p>Principal<strong><br \/>\nD\u00a0 <\/strong>(206) 219.1281<br \/>\nswilliams@lee-associates.com<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pgc-8118-4-2\"  class=\"panel-grid-cell\" ><div id=\"panel-8118-4-2-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"8\" ><div class=\"panel-widget-style panel-widget-style-for-8118-4-2-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><span style=\"color: #003146\"><strong>ALEX MUIR<\/strong><\/span><\/p>\n<p>Senior Vice President<br \/>\n<strong>D<\/strong>\u00a0 (206) 219.1283<br \/>\namuir@lee-associates.com<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pgc-8118-4-3\"  class=\"panel-grid-cell\" ><div id=\"panel-8118-4-3-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"9\" ><div class=\"panel-widget-style panel-widget-style-for-8118-4-3-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><span style=\"color: #003146\"><strong>SCOTTY ROWE<\/strong><\/span><\/p>\n<p>Associate<br \/>\n<strong>D<\/strong>\u00a0 (425) 818.2655<br \/>\nsrowe@lee-associates.com<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pgc-8118-4-4\"  class=\"panel-grid-cell panel-grid-cell-mobile-last\" ><div id=\"panel-8118-4-4-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"10\" ><div class=\"panel-widget-style panel-widget-style-for-8118-4-4-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><span style=\"color: #003146\"><strong>MCCALLUM MEAD<\/strong><\/span><\/p>\n<p>Associate<br \/>\n<strong>D<\/strong>\u00a0 (425) 818.2656<br \/>\nmmead@lee-associates.com<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pgc-8118-4-5\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><div id=\"pg-8118-5\"  class=\"panel-grid panel-has-style\" ><div class=\"siteorigin-panels-stretch panel-row-style panel-row-style-for-8118-5\" id=\"blog\" data-stretch-type=\"full\" ><div class=\"so-panels-full-wrapper\" ><div id=\"pgc-8118-5-0\"  class=\"panel-grid-cell\" ><div id=\"panel-8118-5-0-0\" class=\"so-panel widget widget_sow-headline panel-first-child\" data-index=\"11\" ><div class=\"panel-widget-style panel-widget-style-for-8118-5-0-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-headline so-widget-sow-headline-default-f8d8efd972d8-8118 so-widget-fittext-wrapper\"\n\t\t\t data-fit-text-compressor=\"0\"\n\t\t><div class=\"sow-headline-container \">\n\t\t\t\t\t\t\t<h4 class=\"sow-headline\">\n\t\t\t\t\t\t<b>NEW<\/b> FROM THE MEDIA CENTER...\t\t\t\t\t\t<\/h4>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"decoration\">\n\t\t\t\t\t\t<div class=\"decoration-inside\"><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n<\/div><\/div><\/div><div id=\"panel-8118-5-0-1\" class=\"so-panel widget widget_sow-post-carousel panel-last-child\" data-index=\"12\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-post-carousel so-widget-sow-post-carousel-base-ad93eedad001-8118\"\n\t\t\t\n\t\t>\t<div\n\t\tclass=\"sow-post-carousel-wrapper 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class=\"sow-carousel-thumbnail\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\thref=\"https:\/\/www.lee-associates.com\/northwest\/2026\/09\/16\/q2-2026-multifamily-market-report\/\"\n\t\t\t\t\t\t\t\t\t\tstyle=\"background-image: url( https:\/\/www.lee-associates.com\/northwest\/wp-content\/uploads\/sites\/74\/2026\/09\/Multifamily-Market-Report-Featured-Image-272x182.png )\"\n\t\t\t\t\taria-labelledby=\"sow-carousel-id-9305\"\n\t\t\t\t\ttabindex=\"-1\"\n\t\t\t\t>\n\t\t\t\t\t<span class=\"overlay\"><\/span>\n\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t<h3 class=\"sow-carousel-item-title\">\n\t\t\t<a\n\t\t\t\thref=\"https:\/\/www.lee-associates.com\/northwest\/2026\/09\/16\/q2-2026-multifamily-market-report\/\"\n\t\t\t\tid=\"sow-carousel-id-9305\"\n\t\t\t\t\t\t\t\ttabindex=\"-1\"\n\t\t\t>\n\n\t\t\t\tQ2 2026 Multifamily Market Report\t\t\t<\/a>\n\t\t<\/h3>\n\t<\/div>\n\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t<\/div>\n\t\t<input type=\"hidden\" name=\"instance_hash\" value=\"f4bbd1c4\"\/>\n\t<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Mission Accomplished: 19510 58th Ave W | Land Development Site OVERVIEW 19510 58th Ave W, Lynnwood, WA Land Development Site 32,670 SF \/ 0.75 AC Seller Representation Sale Price: $2,600,000 Outcome Listed: June 10, 2024 Under Contract: September 6, 2024 Closed: October 31, 2025 The Challenge The primary challenge was positioning the site competitively despite its distance from Lynnwood\u2019s light rail development activity. High interest rates and construction costs made land acquisitions difficult, reducing the&#8230;<\/p>\n","protected":false},"author":244,"featured_media":8119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1088,843],"tags":[1101,1165,1148,1145,1100],"class_list":["post-8118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","category-case-study","tag-alex-muir","tag-capital-market-case-study","tag-mccallum-mead","tag-scotty-rowe","tag-stuart-williams"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.7 (Yoast SEO v28.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lynnwood Land Development Sale Case Study: 19510 58th Ave W<\/title>\n<meta name=\"description\" content=\"Learn how Lee &amp; Associates positioned and sold a premier Lynnwood land development site despite challenging 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