MLS #2504220 / Listing provided by NWMLS & Aqua.
$1,650,000
5903 244th Street SW
Mountlake Terrace,
WA
98043
Year Built
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 arriving in 2024—this property offers a rare investment and redevelopment opportunity. The site features an existing two-story office building fully leased to nine 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.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: No
- Cooling: No
Parking
- Parking Total: 29
- Total Uncovered Parking Spaces: 26
Structure
- Foundation: Poured Concrete
Lot Details
- Acres: 0.28
- Foundation: Poured Concrete
Lot Details
- Acres: 0.28
- Foundation: Poured Concrete
Power
- Energy Source: Electric
Water, Sewer, and Garbage
- Sewer: Sewer Connected
- Water Source: Public
- Water, Sewer, and Garbage: 5280
Linda Selfors
Broker | REALTOR®
Send Linda Selfors an email