5903 244th ST SW, Mountlake Terrace, WA 98043
5903 244th ST SW, Mountlake Terrace, WA 98043
5903 244th ST SW, Mountlake Terrace, WA 98043
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Toril White

Toril White

+1(253) 350-2638
Listed by:AQUA Real Estate • Rick Juma
$1,599,900
Est. payment /mo
0.28 Acres Lot
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Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Mountlake Terrace

MLS Listing ID 2504220

Style 60 - Comm Bldg Und 10K

Year Built 1964

Annual Tax Amount $8,157

Lot Size 0.280 Acres

Lot Dimensions 55X10

Property Sub-Type Commercial Industrial

Property Description

Positioned at the gateway to Mountlake Terrace, just off I-5 and adjacent to the Gateway Development and newly constructed Terrace Station—with the 244th Light Rail station arrived in 2024—this property offers a rare investment and redevelopment opportunity. The site features an existing two-story office building fully leased to eight tenants across two tax parcels, with abundant on-site parking. Its level topography and prominent location—bordered by streets on three sides—enhance both accessibility and visibility. Zoning supports future redevelopment for up to 18 residential units along with approximately 2,000 square feet of prime ground-floor retail space, as indicated by a recent massing study. The current income stream provides a stable hold during entitlement or a solid long-term investment option.

Location

State WA

County Snohomish

Area 730 - Southwest Snohomish

Interior

Fireplace false

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Northwest MLS (NWMLS)
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Toril White

Toril White

+1(253) 350-2638

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