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Town Center District D Lot For Sale

Town Center District D Lot For Sale

A single family home in the Town Center District D (1-3 stories allowed) was recently listed for sale for $275,000, or $1.6 million per acre. The listing for the 1,536 sf home does mention that the property is in the "downtown business redevelopment district" but does not appear to be marketed as a commercial property.

Updated home in great location near future light rail stop makes for easy commuting into Seattle. In the Mountlake Terrace downtown business redevelopment district so change and re-development coming to neighborhood. Large yard with alley access. Lot of room on 2 levels with living room and family room on separate levels. 2 bedroom main and 1 on Lower level. New carpet. Hardwood floors. New roof in 2015. Both the kitchen and dining nook have tile floors. Gas forced air heat. Don’t miss this one.

 

What makes this property and block unique is that this is the only block in the Town Center that has a public alley. All the properties on this block have driveway access from the alley between 238th and 240th, not from 56th Ave W. While it is unlikely that a development project would occur on a single lot like this, the alley on the back side that is at a significantly lower elevation may make development of parcels on this block of 56th more feasible. 

The only completed project since the Town Center zoning was implemented in District D has been a portion of Vineyard park at the NE corner of 57th ave W and 231st St SW. 

Main Street Project Update: Phase 1 Construction in 2017?

Main Street Project Update: Phase 1 Construction in 2017?

The Village at MLT Opening January 2018

The Village at MLT Opening January 2018