Two More Town Center Properties For Sale

The property at the corner of 56th Ave W and 230th St SW that used to house the Health and Wellness Institute is up for sale for just over $1.1 million. The neighboring property to the west on 230th St SW is also for sale. The sale price for this property is about $860,000 and the properties are being marketed together. These two properties are directly north of Vineyard Park across 230th St SW.

Together, the properties total 0.38 acres. At $1,975,000 the properties come in at over $5 million an acre. While there is a good chance they won't get that much for the properties, it's notable that two other same sized properties just around the corner on 58th Ave W are for sale for less than half the price. Both pairs of properties are in the Town Center District D zone which allows buildings up to 3 stories. The major difference is that the ones listed today are on "Main Street", 56th Ave W.

Here's the description from the listing:

Take advantage of the Mountlake Terrace Town Center development. This Commercial BC/D (Community Business Downtown) zoned property is an excellent opportunity take advantage of the benefits and future of the Town Center development and growth. The BC/D zoning provides many commercial opportunities as well as commercial/multi-family mixed use. Zoning allows for buildings up to 3 stories. Uses include: Retail, Commercial Services, Medical Care, Hotel, Live-Work Units, Townhomes and other uses.


Mountlake Terrace a Seller's Market

America's Looming Rental Crisis