Two Neighboring Town Center Properties Sold
Two neighboring Town Center properties were recently sold to a real estate broker based in the Northgate area. The properties are at 5603 & 5607 230th St SW across the street from Vineyard Park. The eastern property, at the corner of 56th and 230th, was previously a medical office and the western property a residential rental. The properties sold for $205,000 and $190,000.
Together, the properties total 0.38 acres. At $395,000 the properties come in at just over $1.0 million an acre. The properties are in the Town Center District D zone which allows buildings up to 3 stories, including townhomes.
The new owners intend on fixing up the properties and moving their business in to the commercial building and rent out the single family residence. They may redevelop the properties in the future.