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5903 244th Street SW

Mountlake Terrace, WA 98043
  • $1,495,000
  • STATUS: Pending Feasibility
  • ON SITE: 38 Days
  • ID#: 2024124
Under Contract
UPDATED: 38 min ago
$1,495,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1964
County:

School Ratings & Info

Northwest MLS logoListing Courtesy of Real Property Associates: 206-523-0300.


Description

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.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pacific Trail Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-02-05T08:13:51.713. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2023-02-05T08:13:51.713. 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.
www.packwoodrealestate.com/homes/135631970
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5903 244th Street SW Mountlake Terrace, WA 98043

  • Price: $1,495,000
  • Status: Pending Feasibility
  • On Site: 38 Days
  • Updated: 38 min ago
  • ID#: 2024124
0
Beds
0
Baths
0
½ Baths
0.28
Acres
1964
Built
Neighborhood:
Mountlake Terrace
County:
Snohomish
Area:
SW Snohomish Cty/Lynnwood/Edmonds
Property Description
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.
Exterior Features

Carport YN No Covered Spaces 3 Exterior Features Cement/Concrete Lot Size Dimensions 55'X110' Open Parking YN No Parking Total 29 Roof Flat Structure Type Unspecified Style Code 60 - Comm Bldg Und 10K Topography Level

Interior Features

Building Area Total 0 Fireplace YN No Furnished Unfurnished Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Cumulative Days On Market 77 Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Lot Number 23-23 Net Operating Income 58850 Possession Closing Possible Use BusinessCommercialMulti-FamilyOfficeRetail Power Company Snohomish Pud Power Production Type Electric Property Condition Good Property Sub Type Commercial Industrial Senior Community YN No Sewer Sewer Connected Sewer Company Snohomish Pud Special Listing Conditions None Tax Annual Amount 7569 Tax Year 2021 Water Company Snohomish Pud Water Source Public Year Built Effective 1980 Zoning Class BusinessCommercialMulti-FamilyOfficeRetail Zoning Jurisdiction City

Listing information © 2023 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Pacific Trail Realty and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Pacific Trail Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-02-05T08:13:51.713. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2023-02-05T08:13:51.713. 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.
 
https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_1_2024124-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_1_2024124-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/1280_boomver_1_2024124-1.jpg
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Pacific Trail Realty
13068 US Highway 12
Packwood WA, 98361
Northwest MLS logoListing Courtesy of Real Property Associates: 206-523-0300.