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Ardivus Brivity

Sooper Dooper Guy | Template Draper

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5903 244th St SW , Mountlake Terrace, WA 98043
$1,599,900
Est. Payment: $7,952.42/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 85
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House 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.
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Highlights

Listed by Rick Juma , 206-688-2782 AQUA Real Estate , 206-688-2782. Northwest Multiple Listing Service

Property Type

Commercial Sale
Lot/Acreage
0.28

Year Built

1964

County

Snohomish

Area

730 - Southwest Snohomish

 Neighborhood

Mountlake Terrace

Listing ID

2504220

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Other:Public

Exterior Features

Lot:Zoning: Commercial
Lot Dimensions:55X10
Garage Capacity:29
Zoning:Commercial
Sewer:Sewer Connected
Principal Interest
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$7,952
Taxes
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$680

Home Price

$1,599,900

Home Price

Loan Details

30 yrs
6.336%

Interest Rate

Loan Type

Down Payment

20%
$319,980

Down Payment

Down Payment %

All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,952.42

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,952.42 $679.75 $0.00 $8,632.17
Yearly $95,429.00 $8,157.00 $0.00 $103,586.00
Total $2,862,869.85 $244,710.00 $0.00 $3,107,579.85
Lender profile image
Preferred1765470255 Lender1765470255
My Title 1765470255
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Market insight data is pulled from the same city as the listing being viewed (Mountlake Terrace, WA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Estimated Payment, Market Insight Calculations, School and Neighborhood Information provided by Blueroof360

The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
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Data last updated: 2026-07-02T04:49:14.000Z

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