$1,599,900
( )
 $8,589 est/mo Sourced by Back At You

5903 244th Street,Mountlake Terrace, WA 98043

Mountlake Terrace, WA 98043

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Description

Positioned at the gateway to Mountlake Terrace, just off I-5 and adjacent to the Gateway Development and newly constructed Terrace Stationwith the 244th Light Rail station arrived in 2024this 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 locationbordered by streets on three sidesenhance 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.

Details

MLS #2504220
Listing TypeFor Sale
StyleCommercial Industrial
Sub-TypeResale
StatusActive
Year1964
Days On Site153
Listing Provided ByAQUA Real Estate | Rick Juma

Features

Units8
ZoningCommercial
Acreage0.28

Taxes

Property8157

Area Information

StateWA
CountySnohomish
CityMountlake Terrace
Zip Code98043
Area730 Southwest Snohomish
Community NameMountlake Terrace
Listing VS Median (in Mountlake Terrace)
Price:
$1,599,900
low | high
Med:
$625,000
100% of Average
On site:
153
low | high
Med:
40
100% of Average
Sourced by Back At You

Market Activity 98043

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Learn More About This Property

StateWA
CountySnohomish
CityMountlake Terrace
Zip Code98043
Area730 Southwest Snohomish
Community NameMountlake Terrace
Listing VS Median (in Mountlake Terrace)
Price:
$1,599,900
low | high
Med:
$625,000
100% of Average
On site:
153
low | high
Med:
40
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.199M - $1.999M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
20028 15th Avenue 104 Property Photo 1
$430,000
20028 15th Avenue 104
Shoreline, WA 98155
23906 60th Avenue Property Photo 1
$550,000
23906 60th Avenue
Mountlake Terrace, WA 98043
Listing Updated: August 12, 2026 at 8:32:15 AM PDT