5607 & 5603 230th Street SW
Mountlake Terrace, WA 98043
0.37 acres | #2343858
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.
Property Details
- Utility FeaturesElectricity Connected, Natural Gas Available
- Lot DescriptionCorner Lot, Curbs, Paved, Sidewalk
- Style40 - Res-Less thn 1 Ac
- SubdivisionMountlake Terrace
- Date ListedMarch 14, 2025
- Sewer InformationOn Property
- Structure TypeUnspecified
- Original List Price$1,650,000
- Utility SourceAvailable
- CountySnohomish
- Property TypePurchase
- School DistrictEdmonds
- MLS #2343858
- Cost1650000
- MLS #2343858
- Acres0.3717
- Taxes Annual$8,985
- Property SubtypeLand
- Days on Market (Cumulative)40
Location
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-04-10 23:47:10. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Peter N Tang (#NWM46209)
Listing Office: Pellego, Inc. (#NWM4677)
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