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Listed price in listed location currency (USD).
$1,650,000

0029

MLS® 2504220

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $8,157
Days Active 27
Lot Size 
Approx. Age 1964
MLS® Number 2504220

Property Address: 5903 244th St Sw, Mountlake Terrace, WA, 98043-5451

Average square foot calculated using Size range provided by listing agent.

Description

Positioned at the gateway to Mountlake Terrace, just off I-5 and adjacent to the Gateway Development and newly constructed Terrace Station—with the 244th Light Rail station arrived in 2024—this property offers a rare investment and redevelopment opportunity. The site features an existing two-story office building fully leased to eight tenants across two tax parcels, with abundant on-site parking. Its level topography and prominent location—bordered by streets on three sides—enhance both accessibility and visibility. Zoning supports future redevelopment for up to 18 residential units along with approximately 2, 000 square feet of prime ground-floor retail space, as indicated by a recent massing study. The current income stream provides a stable hold during entitlement or a solid long-term investment option.
MLS® Number2504220
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1964
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 8, 2026List Date
$1,650,000List Price
  • Commute

Commute

Starting Address
Destination Address
5903 244Th St Sw, Mountlake Terrace, WA

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