Rogers Market Place is Closing. What's Next?

As reported by MLTnews, Rogers Marketplace will close its doors at the end of the month:

The closure comes after the store’s owner, Roger Bottman, passed away on Jan. 21. Bottman has owned the store, located at 23120 56th Ave. W., since 2002. Roger’s Market Place has been a Mountlake Terrace staple ever since.

The building was originally built in the early 1950's as a Foodland grocery store and was also called Lucky's at one point.

Rogers Market Place was originally listed for sale over 2 years ago and was listed for $4 million. In October 2014 the price was reduced to $3.5 million and again since then down to $2.75 million. At 1.89 acres that comes to just under $1.5 million per acre. For comparison, the Calvary Tabernacle properties that just sold at the corner of 56th Ave W and 236th St SW sold for $1.83 million per acre.

The property is in the Town Center District B Incentives Overlay zone which would allow 3, 4, 5, or 6 story buildings. 

The Town Center used to have two large grocery stores, the Calvary Fellowship building used to be an Albertsons, but now is left without a major grocer. There are several convenience stores (Asmara 99, Shell gas station, 56th Ave Market) and the new Paradise Market (they do have a good selection of organic produce), but the closing of Rogers will require many people to shift their shopping habits. The nearest large grocery stores are Thriftway (1.2 miles to the south), 99 Ranch Market (1.6 miles to the west), QFC (1.0 mile to the east), WinCo Foods (1.7 miles to the northwest), or Albertsons (1.9 miles to the northeast). 

Dustin DeKoekkoekComment