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    23505 56Th Ave Mountlake Terrace, WA 98043

    Sponsored
    For Lease
    $15 SF/Yr

    Restaurant Space Available, Prime Location

    Lot size:
    211,042 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity is located within Atlas 236, a brand-new mixed-use development in Mountlake Terrace, WA, completed in Q3 2020. The property, situated at 23505 56th Avenue West, zip code 98043, offers a total of 211,042 square feet, encompassing a single suite of retail space. Currently, 637 square feet are vacant, ideal for a restaurant tenant. The building boasts a generous parking ratio of 5 spaces per 1,000 square feet, located within a garage. The zoning is BC/D, ensuring flexibility for various restaurant concepts. This prime location benefits from excellent accessibility, being less than half a mile from the Mountlake Terrace Transit Center and Interstate 5, providing convenient access for both employees and customers. The retail space is situated beneath 151 apartments, creating a built-in customer base. The total retail space within the development is 10,305 square feet. This is a chance to be part of Mountlake Terrace's most exciting new development, in Snohomish County. The property is categorized as a multi-tenant retail building.

    Property Features for 23505 56Th Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    211,042 SF
    Total Rate
    263802.5

    Building Details

    Year Built
    2020

    Unit(s) available at that property

    Space
    Suite 106
    Size
    673 SF
    Rate per SF
    $22

    HighLights

    • 23505 56th Avenue West, Mountlake Terrace, WA 98043, a 637 SF vacant retail space in a new mixed‑use development.
    • Located within Atlas 236, a 211,042 SF building completed Q3 2020.
    • Building offers a 5:1,000 parking ratio in a secured garage.
    • BC/D zoning allows for various restaurant uses.
    • Excellent location, <0.5 miles from Mountlake Terrace Transit Center and I‑5.
    • Built‑in customer base of 151 apartments above.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Mountlake Terrace
    County
    Snohomish
    State
    Washington
    Longitude
    -122.3081356
    Latitude
    47.7852932

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    Nearby Similar for Lease

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      Terrace Station Retail Spaces

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    FAQs

    What type of property is this?
    Restaurant - Restaurant Space Available, Prime Location
    Where is this restaurant located?
    The property is located at 23505 56Th Ave Mountlake Terrace, WA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 23505 56th Avenue West, Mountlake Terrace, WA 98043, a 637 SF vacant retail space in a new mixed-use development.; Located within Atlas 236, a 211,042 SF building completed Q3 2020.; Building offers a 5:1,000 parking ratio in a secured garage.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

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    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

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    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

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    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23505 56Th Ave Mountlake Terrace, WA 98043
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