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    Mountlake Terrace, WA

    Mountlake Terrace, WA Commercial Real Estate for Sale

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    Mountlake Terrace Investment Opportunity
    Updated: Apr 8
    Mountlake Terrace Investment Opportunity

    5903 244th Street SW, Mountlake Terrace, WA 98043

    $1,599,900
    Prime redevelopment opportunity: Zoning allows up to 18 residential units and 2,000 sq ft of retail space.
    Strategic location: Gateway to Mountlake Terrace, near I‑5 and the Terrace Station/Gateway Development.
    Adjacent to future 244th Light Rail station (arriving in 2024).
    Existing two‑story office building provides a current income stream with nine tenants.
    Abundant on‑site parking available.
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    Mountlake Terrace Warehouse For Sale
    Updated: Mar 4
    Mountlake Terrace Warehouse For Sale

    5503 232nd St SW, Mountlake Terrace, WA 98043

    $2,100,000
    In‑place income through June 2026 from current tenant Jensen Hughes.
    Redevelopment potential supported by evolving Town Center zoning.
    Feasibility studies support the development of 57 multifamily units.
    Located approximately 0.5 miles from the Mountlake Terrace Light Rail Station.
    Single‑tenant industrial / warehouse property.
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    Mountlake Terrace Development Assemblage Opportunity
    Mountlake Terrace Development Assemblage Opportunity

    6002-6006 232nd Pl SW, Mountlake Terrace, WA

    Contact for pricing
    1.94 AC lot

    Unique development opportunity near future light rail station.

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    Mountlake Terrace Fitness and Office
    Mountlake Terrace Fitness and Office

    23607 54th Ave W, Mountlake Terrace, WA 98043

    Contact for pricing
    16,124 sqft 2.21 AC lot

    Fitness center with gym, weight room, offices, and classrooms.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 4 Active listings in Mountlake Terrace, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    High-Ceiling Metal Storage Building
    High-Ceiling Metal Storage Building

    19914 15th Avenue Northeast, Shoreline, WA 98155

    $375,000
    900 sqft

    Vacant high-ceiling metal storage building with sliding doors, set on a vacant lot.

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    Shadow-Anchored Multi-Tenant Retail
    Shadow-Anchored Multi-Tenant Retail

    22611 76th Ave W, Edmonds, WA 98026

    $3,200,000

    Multi-tenant retail strip is shadow-anchored by Ranch 99 and Planet Fitness, with long-tenured tenants.

    View details
    Storefront and Office Space
    Storefront and Office Space

    7629 Lake Ballinger Way, Edmonds, WA 98026

    $499,000

    Functional storefront or office layout with a private restroom and 10 on-site parking spaces along a high-traffic corridor.

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    Surgical Center with Operating Rooms
    Surgical Center with Operating Rooms

    19930 Ballinger Way NE, Shoreline, WA 98155

    Contact for pricing
    15,265 sqft

    Fully occupied surgical center with two Class C operating rooms and recovery suites, secured by a 5-year NNN leaseback.

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    Off-Market Properties in Mountlake Terrace, WA

    Consider similar Off-Market properties in Mountlake Terrace, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    22828 56th W Ave
    BARBER, HAIR SALON

    22828 56th W Ave, Mountlake Terrace, WA 98043-3922

    Value Estimation by Request
    2,155 sqft 0.21 AC lot
    View details
    5603 230th SW St
    PROFESSIONAL BUILDING

    5603 230th SW St, Mountlake Terrace, WA 98043-4617

    Value Estimation by Request
    1,323 sqft 0.19 AC lot
    View details
    6100 219th SW St
    PROFESSIONAL BUILDING

    6100 219th SW St, Mountlake Terrace, WA 98043-2222

    Value Estimation by Request
    154,010 sqft 2.03 AC lot
    View details
    23303 56th W Ave
    RETAIL STORES (PERSONAL SERVICES)

    23303 56th W Ave, Mountlake Terrace, WA 98043-4717

    Value Estimation by Request
    1,188 sqft 0.17 AC lot
    View details
    23502 56th W Ave
    PROFESSIONAL BUILDING

    23502 56th W Ave, Mountlake Terrace, WA 98043-5204

    Value Estimation by Request
    1,166 sqft 0.21 AC lot
    View details
    5704 220th SW St
    PROFESSIONAL BUILDING

    5704 220th SW St, Mountlake Terrace, WA 98043-3137

    Value Estimation by Request
    2,400 sqft 0.22 AC lot
    View details
    24135 Van Ry Blvd
    HOTEL/MOTEL

    24135 Van Ry Blvd, Mountlake Terrace, WA 98043-5430

    Value Estimation by Request
    36,611 sqft 2.75 AC lot
    View details
    24313 54th W Ave
    MOBILE HOME PARK, TRAILER PARK

    24313 54th W Ave, Mountlake Terrace, WA 98043-5544

    $805,000
    Estimated value
    0.41 AC lot
    View details
    23308 56th W Ave
    BARBER, HAIR SALON

    23308 56th W Ave, Mountlake Terrace, WA 98043-4718

    Value Estimation by Request
    1,800 sqft 0.24 AC lot
    View details
    22911 56th W Ave
    PROFESSIONAL BUILDING

    22911 56th W Ave, Mountlake Terrace, WA 98043-3923

    Value Estimation by Request
    890 sqft 0.23 AC lot
    View details
    24360 Van Ry Blvd
    PROFESSIONAL BUILDING

    24360 Van Ry Blvd, Mountlake Terrace, WA 98043-5455

    $7,245,000
    Estimated value
    31,186 sqft 3.10 AC lot
    View details
    5707 244th SW St
    BARBER, HAIR SALON

    5707 244th SW St, Mountlake Terrace, WA 98043-5449

    Value Estimation by Request
    1,113 sqft 0.17 AC lot
    View details
    5508 234th SW St
    PROFESSIONAL BUILDING

    5508 234th SW St, Mountlake Terrace, WA 98043-4746

    Value Estimation by Request
    1,274 sqft 0.18 AC lot
    View details
    5703 232nd SW St
    FINANCIAL BUILDING

    5703 232nd SW St, Mountlake Terrace, WA 98043-4635

    Value Estimation by Request
    3,060 sqft 0.60 AC lot
    View details
    23206 56th W Ave
    SERVICE STATION (FULL SERVICE)

    23206 56th W Ave, Mountlake Terrace, WA 98043-4716

    Value Estimation by Request
    252 sqft 0.28 AC lot
    View details
    5720 220th SW St
    PROFESSIONAL BUILDING

    5720 220th SW St, Mountlake Terrace, WA 98043-3137

    $1,450,000
    Estimated value
    3,058 sqft 0.22 AC lot
    View details
    21705 66th W Ave
    PROFESSIONAL BUILDING

    21705 66th W Ave, Mountlake Terrace, WA 98043-2103

    $7,800,000
    Estimated value
    39,600 sqft 1.96 AC lot
    View details
    6404 216th SW St
    WHOLESALE OUTLET, DISCOUNT STORE

    6404 216th SW St, Mountlake Terrace, WA 98043-2082

    $8,000,000
    Estimated value
    32,942 sqft 2.30 AC lot
    View details
    6408 216th SW St
    WAREHOUSE, STORAGE

    6408 216th SW St, Mountlake Terrace, WA 98043-2093

    $3,050,000
    Estimated value
    12,686 sqft 0.62 AC lot
    View details
    22402 44th Ave Wa
    RETAIL STORES (PERSONAL SERVICES)

    22402 44th Ave Wa, Mountlake Terrace, WA 98043-4529

    $845,000
    Estimated value
    5,400 sqft 0.68 AC lot
    View details

    Mountlake Terrace, WA Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Mountlake Terrace, WA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 16,124 square feet of properties for sale, with an estimated market value of $3,699,900.

    Sale prices for business properties in Mountlake Terrace, WA start at $1,599,900, averaging $1,849,950, and reaching up to $2,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 21K
    Population Growth (5Y) +1.4%
    Median Household Income $101,408
    College Educated 56.6%

    High-Yield Neighborhoods for Investment

    Identify Mountlake Terrace submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    98043 $2.9M

    Taxes & Financing

    Tax Rate (average for all types) 0.63%
    Property Tax per SF $3.40 per SF
    Tax Rate vs County Average 0.10 pp below county avg
    Average Loan-to-Value 65.0%

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