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Calvary Fellowship Property Listing Update, Reduced Price

Calvary Fellowship owns two large parcels in the heart of Mountlake Terrace that have been on sale since mid-December 2013. Until today they had been listed as a single property for sale for $9.95 million. The new listings have the two parcels for sale separately, and the combined price has been dropped to $9.25 million.

The smaller parcel to the south is 1.84 acres and has a list price of $4.3 million, or $2.34 million per acre. This parcel contains the main Calvary Fellowship building and is a square with the exception of Cousin's hair salon in the southeast corner. The other parcel is 2.35 acres and has a list price of $4.95 million, or $2.11 million per acre. The lower cost per acre for the north parcel may be due to its odd shape and the fact that some of it may not be developable without combining with adjacent properties.

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