Active · Residential

5507 240th Street SW, Mountlake Terrace, WA 98043

Mountlake Terrace, WA 98043

$799,000

3 bedrooms · 1 bathrooms · 1,100 sq ft

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Listing provided by John L. Scott, Inc. · MLS #2572307 · Active

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About this property

Exceptional redevelopment opportunity in the heart of Mountlake Terrace. This 7,800+ SF corner property is located just blocks from the Mountlake Terrace Link light rail station and downtown, with desirable BC/D zoning offering significant long-term potential. The property is currently improved with an existing residence and occupied by a long-standing month-to-month tenant, providing income while a buyer evaluates future plans. An excellent opportunity for a developer, investor, or owner looking to secure a strategically located property in one of Mountlake Terrace's evolving transit-oriented areas. Buyer to verify zoning, development potential, permitted uses, and all information to buyer's satisfaction. Please do not disturb tenant or walk the property without prior permission.

Property details

Property type: Single Family Residence
Year built: 1950
Lot size: 7,841 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $4,769 (2026)
Parking spaces: 1
School district: Snohomish

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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