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$799,000
5507 240th Street SW, Mountlake Terrace, WA 98043
Mountlake Terrace, WA, 98043
Active · 2 days on market
3Beds
1Baths
1,100Sq Ft
1950Year built
0.18Lot (acres)
Single Family ResidenceType

About this home

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.

Exterior features

Cement/Concrete

Parking

Driveway
Attached Garage

Schools

Elementary: Buyer To Verify
Middle: Buyer To Verify
High: Buyer To Verify
District: Snohomish

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Courtesy of John L. Scott, Inc.. The data relating to real estate for sale on this site comes in part from the Northwest Multiple Listing Service (NWMLS). Listings held by brokerage firms other than this brokerage are marked by the three-tree symbol; detailed information about such listings includes the name of the listing brokerage. This information is provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. All information is deemed reliable but not guaranteed and should be independently verified.

Based on information from the Northwest Multiple Listing Service as of August 21, 2026.

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