5507 240th Street SWMountlake Terrace, WA 98043
Listing courtesy of Kimberly Shaeffer of John L. Scott, Inc.
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
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.
| 4 days ago | Listing updated with changes from the MLS® | |
| 4 days ago | Status changed to Active | |
| 6 days ago | Listing first seen on site |
Listing courtesy of Kimberly Shaeffer of John L. Scott, Inc.
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Last checked: 2026-08-24 05:17 PM PDT