$ 1,650,000
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$1,650,000
Price -
0
Bed -
0
Bath -
0
SqFt
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About the Listing 6381 - 83712
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.
Listing Highlights
Status
Active
Days on Site
1
Property Type
Commercial Sale
MLS ®
2504220
Year Built
1964
Total Square Footage
0
Lot/Acreage
0.28
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Zoning: Commercial
- Garage Capacity: N/A
- Parking Spaces: 29
- Lot Dimensions: 55X10
- Zoning: Commercial
- Roof:
- Others:
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $8,157
- Taxes w/Assessments: N/A
- Tax/Property ID: 00520500902300
- Tax Year: 2025
Payment Calculator
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Questions About..
5903 244th St SW Mountlake Terrace, WA 98043
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