Mountlake Terrace Warehouse For
5503 232nd St SW Mountlake Terrace, WA 98043
5503 232nd St SW, Mountlake Terrace, WA, 98043
$2,100,000
For Sale
$2,100,000
Single-tenant warehouse near future light rail station, leased until 2026.
Days on Market139
Property Features for 5503 232nd St SW
General Information
- Standard status
- Active
- Property subtype
- Industrial / Warehouse
Building Details
- Year Built
- 1951
Listing agency
Lee & Associates Commercial Real Estate Services
(206) 484-9894
Listed by
Scotty Rowe
(206) 484-9894
Source
Lee-associates
Added: Mar 4 Updated: Jul 6 at 10:21AM Checked: Jul 21 at 4:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This single-tenant industrial warehouse property is located approximately 0.5 miles from the Mountlake Terrace Light Rail Station and one block east of Mountlake Terrace’s designated “Main Street”. The property is 100% leased to Jensen Hughes until June 30, 2026. Feasibility studies support the potential for 57 multifamily units. The property offers optionality for owner-users, investors, and developers, from near-term occupancy and stabilized cash flow to long-term redevelopment potential supported by the City’s evolving Town Center zoning framework. The property provides income stability while preserving future flexibility for those seeking to occupy or reposition the assets.
Key Highlights
- 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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Warehouse - Single-tenant warehouse near future light rail station, leased until 2026.
Where is this warehouse located?
The property is located at 5503 232nd St SW Mountlake Terrace, WA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 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.
