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Listing Firm: Real Property Associates: Gordon Stephenson

Bought With: COMPASS : Michael Piccolo

SOLD On April 4, 2023
NWMLS # 2024124

$1,285,000

  • Sold Price
  • - Beds
  • - Baths
  • - Sq.ft.

5903 244th Street SW, Mountlake Terrace, WA 98043

Listings with the three tree icon are courtesy of NWMLS

About This Property

At the entrance to Mountlake Terrace, just off I-5 and adjacent to the Gateway Development, newly built Terrace Station, and close to the 244th Light Rail station coming in 2024 -- Existing two story office building with nine in place tenants, two tax parcels, abundant parking, and a possible redevelopment opportunity. Level site with streets on three sides, with zoning providing for 18 residential units, as well as 2,000SF of prime ground floor retail space based on recent massing study. Existing building is fully leased to hold during entitlement or as a long term investment.

Buyer's Agent: Michael Piccolo • COMPASS

Listed by: Gordon Stephenson • Real Property Associates

Aris360 Last Checked: Just Now (Jul 05, 2025 07:15 AM)

  • Source: NWMLS as Distributed by MLS Grid #2024124

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 244th
  • Zip/Postal Code: 98043
  • City: Mountlake Terrace

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$3,847 per month
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Property Features

  • County
    • Mountlake Terrace
  • Community
    • 730 - Southwest Snohomish
  • MLS Area
    • 730 - Southwest Snohomish
  • Longitude
    • -122.312242
  • Latitude
    • 47.777749
  • Directions
    • From I-5 N, take exit 177, follow signs for 244th St SW. Continue onto 244th St SW, destination will be on your left.

  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Style
    • 60 - Comm Bldg Und 10K
  • Parking Spaces
    • 29
  • Foundation
    • Poured Concrete,
  • Topography
    • Level
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Cement/Concrete
  • Roof
    • Flat,
  • Septic or Sewer
    • Sewer Connected,
  • Covered Spaces
    • 3
  • Condition
    • Good,
  • Water
    • Snohomish PUD
  • Building Total Area (Sq. Ft.)
    • 12197
  • Utilities
    • Sewer Connected,
    • Electricity Available,
    • Electric,

  • Possession
    • Closing,
  • Property Type
    • Commercial Sale
  • Property SubType
    • Commercial Industrial
  • Tax Year
    • 2021
  • Structure Type
    • Land,
  • Tax Amount
    • $7569
  • Year Built
    • 1964
  • Effective Year Built
    • 1980
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Sat Jul 05 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Jul 05, 2025 07:15 AM