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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

23505 56Th Ave Mountlake Terrace, WA 98043

211,042 SF Built 2020
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Year built 2020
Total area 211,042 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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