5507 240th Street SW, Mountlake Terrace, WA 98043

• 3 beds |
• 1 bath |
• 1,100 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

August 27, 2026 at 12:21AM

Listing Office:

John L. Scott, Inc. : 206-527-0700

Listing Agent:

Kimberly Shaeffer : 206-527-0700

MLS ID:

2572307

Interior

• Basement: None
• Flooring: Vinyl Plank
• A/C: None
• Heating: Baseboard
• Fireplace: Fireplaces: 0

Exterior

• General: Cement/Concrete
• Parking: DrivewayAttached GarageParking spaces: 1

Construction

• Roofing: MetalTorch Down
• General: One

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Snohomish
• County: Snohomish

Lot

• Topography: Level
• Zoning: 00498000101000
• View: TerritorialView

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls