5903 244th St SW, Mountlake Terrace, WA

Listing office Aqua Real Estate C***@GMAIL.COM Show Phone

Listing date Dec 3, 2025

Source Moodyscre

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Overview

This 0.28-acre commercial property presents a unique opportunity for acquisition, featuring long-term redevelopment potential. The site is located minutes from the Mountlake Terrace Light Rail Station. The property is fully leased to eight tenants, with leases extending through 2029 and annual rent escalations. Current zoning permits up to 3 stories, or 5 stories with Transfer of Development Rights (TDR). The City’s newly adopted Comprehensive Plan identifies this parcel as future Gateway Mixed Use, allowing 6–12 stories of mixed-use development. This property is suited for investors or developers seeking steady income and value appreciation.

Suggested Use

Restaurant Real Estate Agency Big Box & Wholesale Store Law Firm Dental Office Building Supply Hair Salon Hotel & Motel Auto Repair Shop Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Mountlake Terrace

County

Snohomish

State

Washington

Longitude

-122.3122421

Latitude

47.7777488

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FAQs

What type of property is this?

Office building - Fully leased commercial property near Mountlake Terrace Light Rail Station.

Where is this office building located?

The property is located at 5903 244th St SW Mountlake Terrace, WA.

What is the asking price?

The asking price for this property is $1,599,900.

What are key features of this property?

This property features: Future Gateway Mixed Use designation allows for **6‑12 stories of mixed‑use development.**; Located minutes from the **Mountlake Terrace Light Rail Station.**; Current zoning permits up to 3 stories (or 5 stories with TDR).