$1,650,000
 $8,858 est/mo Sourced by Back At You

5607 & 5603 230th Street,Mountlake Terrace, WA 98043

Mountlake Terrace, WA 98043

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Description

Attention Builders / Investors: Excellent development opportunity to build for rent or spec project. This premium 16,193 sqft site is two parcels located 1 block from MLT town center core and 5 blocks to new MLT light rail station. TC-R zoning allows flexible development options for smaller scale mixture of multifamily, townhouses or professional retail / office use. Building height allowance of 2-4 stories. Preliminary studies shows 11 unit townhome feasible with no commercial space requirement. MLT offers MFTE (multifamily tax exemption) program on qualifying projects. Great opportunity for owner operator to use or rent 1323 sqft office building and 672 sqft SFR during permit process. The office building is also listed under MLS #2342783.

Details

MLS#2343858
Listing TypeFor Sale
StyleFarm or Ranch
Sub-TypeResale
StatusActive
Days On Site44
Listing Provided ByPellego, Inc. | Peter N Tang

Features

ZoningTCR
Acreage0.37

Market Activity 98043

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Listings Checked: 51 seconds ago
StateWA
CountySnohomish
CityMountlake Terrace
Zip Code98043
Area730 Southwest Snohomish
Community NameMountlake Terrace
School DistrictEdmonds
Listing VS Median (in Mountlake Terrace)
Price:
$1,650,000
low | high
Med:
$699,990
100% of Average
On site:
44
low | high
Med:
643.000000
6.842923794712% of Average
Sourced by Back At You
Listing Updated: April 25, 2025 at 5:20:05 PM PDT