5603 230th St SW - Office FOR SALE


Mountlake Terrace, WA 98043- Town Center
$850,000 USD
206-372-2584
5603 230th St SW, Mountlake Terrace, WA for Sale
$850,000 USD
Office - FOR SALE
1/18
null | Request Cap Rate

5603 230th St SW
Mountlake Terrace, WA 98043
Town Center


HIGHLIGHTS

  • 5 blocks to Mountlake Terrace Light Rail Station
  • 1 block to Mountlake Terrace Town Center
  • Zoning allows redevelopment to 45' mix use or residential apartment / townhomes

OVERVIEW

Excellent opportunity for professional office or retail space with development potential. This premium site is located 1 block from MLT town center & 5 blocks to MLT light rail station. Floor plan allows flexibility for variety of owner user to operate business & build equity in high growth area. Features include gas heat, central A/C, skylights, epoxy concrete flooring & mature landscaping. Great visibility on the corner of 56th & 1 block from heart of Town Center core. Six vehicle onsite parking & ADA accessible. TC-R zoning allows for smaller scale mixture of multifamily, townhouses, retail commercial & professional office. Building height allowance of 45 feet. MLT offers MFTE (multifamily tax exemption) on qualifying projects. https://www.moodyscre.com/marketplace/listing/67d9c90741b3773c0f9d834a

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$642 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

BC/D

APN/PARCEL ID

005219-004-006-00

ASK ABOUT THIS PROPERTY

Peter TangPellegoMore Info
206-372-2584

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Peter TangPellegoMore Info
206-372-2584

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.