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Listing courtesy of NWMLS IDX Logo
5507 240th Street SW
Mountlake Terrace, WA 98043
FOR
SALE
$799,000
Active
0.18
Acres
MLS# 2571324
Cumulative Days on Market: 47 · Includes prior listings · Currently listed since 08/19/26 · Data provided by the MLS.

Property Description

Exceptional redevelopment opportunity in the heart of Mountlake Terrace. This 7, 800+ SF corner property is located just blocks from the Mountlake Terrace Link light rail station and downtown, with desirable BC / D zoning offering significant long-term potential. The property is currently improved with an existing residence and occupied by a long-standing month-to-month tenant, providing income while a buyer evaluates future plans. An excellent opportunity for a developer, investor, or owner looking to secure a strategically located property in one of Mountlake Terrace's evolving transit-oriented areas. Buyer to verify zoning, development potential, permitted uses, and all information to buyer's satisfaction. Please do not disturb tenant or walk the property without prior permission.

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Property Highlights

Property Type
Land
Property Sub Type
Land
Acres
0.18
Cumulative Days On Market
1

Location

Area
730 - Southwest Snohomish
City/Township
Mountlake Terrace
Subdivision
Mountlake Terrace
County
Snohomish
Zoning
BC/D

Property Details

Price
$799,000
Property Type
Land
Property Sub Type
Land

Building

Structure Type
None

Community

Local Schools

Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
School District
Snohomish

Terms

Terms

Special Conditions
None
Special Terms
Cash, Conventional
Cumulative Days On Market
1

Heating, Cooling & Utilities

Utilities

Utilities
Electricity Connected, Natural Gas Available
Sewer
On Property
Water Source
On Property

Lot

Acres
0.18
Lot Size Area Sq Ft
7,841
Lot Features
Corner Lot
Topography
Level
Road Surface
Paved
Listing Data last updated 10/05/2026 11:00 pm
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Property History

Today
Property information last updated
47 days ago
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: 47 days (includes prior listings) · Currently listed since August 19, 2026. Data provided by the MLS.

Similar Properties
5507 240th Street SW - MLS#2571324 - $799,000
Listed by John L. Scott, Inc., Kimberly Shaeffer
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