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    6002-6006 232Nd Pl SW Mountlake Terrace, WA 98043

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    For Sale
    Contact for pricing

    Unique development opportunity near future light rail station.

    Lot size:
    1.94 Acres

    Property Features for 6002-6006 232Nd Pl SW

    General Information

    Lot size
    1.94 Acres

    Source: West Coast Commercial Realty, LLC Agent Tiffini Connell

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

    Overview

    Mountlake Terrace Development Assemblage Opportunity

    This unique development assemblage comprises twelve parcels in Mountlake Terrace’s Town Center Zoning District 1. The 128,501 square foot land is located directly north of the new Sound Transit Lite Rail Station at I-5 and 236th St SW. The 8.5-mile section is estimated to be completed in 2024 and will link Mountlake Terrace with Seattle, SeaTac, Lynnwood, Mercer Island, and Bellevue. The assemblage is comprised of twelve single-family home owners who are cooperating with each other for marketing purposes to bring this land to the market. As part of the Town Center Subarea Plan, the City of Mountlake Terrace is planning a pedestrian connection through Veteran’s Memorial Park starting at the entrance to the assemblage leading to the Light Rail Station. The opportunity to purchase twelve single-family homes in a prime development corridor, all cooperating with each other, is highly unique.
    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
    -122.3141216
    Latitude
    47.7876056

    Nearby Similar for Sale

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      Mountlake Terrace Office Building

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    FAQs

    What type of property is this?
    Land - Unique development opportunity near future light rail station.
    Where is this land located?
    The property is located at 6002-6006 232Nd Pl SW Mountlake Terrace, WA.
    What are key features of this property?
    This property features: - Prime development opportunity in Mountlake Terrace's Town Center Zoning District 1.; - Located directly north of the new Sound Transit Lite Rail Station (estimated completion in 2024) providing access to Seattle, SeaTac, Lynnwood, Mercer Island, and Bellevue.; - Large assemblage of 12 parcels totaling 128,501 SF of land.
    (206) 283-5212
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    6002-6006 232Nd Pl SW Mountlake Terrace, WA 98043
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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
    6002-6006 232Nd Pl SW Mountlake Terrace, WA 98043
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