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    24205 56Th Ave W Mountlake Terrace, WA 98043

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    For Sale
    $995,000

    Large, flat 50,530 SF lot near transit center.

    Building Details

    Year built
    1961
    Source: Corcoran

    Listing Agent: Jason Rosauer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious Flat Lot Near Transit

    This property features a large, flat 50,530 square foot lot. It is located within three minutes of both Interstate-5 and the Mountlake Terrace Transit Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mountlake Terrace
    County
    Snohomish
    State
    Washington
    Longitude
    -122.3080075
    Latitude
    47.77909

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Large, flat 50,530 SF lot near transit center.
    Where is this land located?
    The property is located at 24205 56Th Ave W Mountlake Terrace, WA.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Large, flat 50,530 SF lot.; - Close proximity (3 minutes) to Mountlake Terrace Transit Center.; - Convenient access (3 minutes) to I-5.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24205 56Th Ave W Mountlake Terrace, WA 98043
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