5903 244th Street SW

Mountlake Terrace, WA 98043

  • Bed

  • Bath

  • 0 SqFt

  • 1 DOM

  • Built: 1964

  • Status: Active

$1,650,000

X

5903 244th Street SW

Mountlake Terrace 98043

$1650000

  • Bed

  • Bath

  • 0 SqFt

  • 1 DOM

  • Built: 1964

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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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Residence Information

  • 0

  • 2940

  • 60 - Comm Bldg Und 10K

  • 1964

  • Poured Concrete

Features and Utilities

  • Public

  • Sewer Connected

  • 0

Financial

  • 8157

  • Cash, Conventional

  • 04-07-2026

  • 5649

Comparable Information

  • 1

  • 1

  • Cash, Conventional

  • $1,650,000

  • $1,650,000

  • Apr 09, 2026 06:23

Schools

Map

Listing courtesy of AQUA Real Estate.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Apr 09, 2026 03:22 | Listing last modified Apr 09, 2026 06:23. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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