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5603 230th St SW 1,323 SF Office Building Mountlake Terrace, WA 98043 $850,000 ($642.48/SF)

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INVESTMENT HIGHLIGHTS

  • 5 blocks to Mountlake Terrace Light Rail Station
  • Zoning allows redevelopment to 45' mix use or residential apartment / townhomes
  • 1 block to Mountlake Terrace Town Center

EXECUTIVE SUMMARY

Excellent opportunity for professional office or retail space with development potential. This premium site is located 1 block from MLT town center & 5 blocks to MLT light rail station. Floor plan allows flexibility for variety of owner user to operate business & build equity in high growth area. Features include gas heat, central A/C, skylights, epoxy concrete flooring & mature landscaping. Great visibility on the corner of 56th & 1 block from heart of Town Center core. Six vehicle onsite parking & ADA accessible. TC-R zoning allows for smaller scale mixture of multifamily, townhouses, retail commercial & professional office. Building height allowance of 45 feet. MLT offers MFTE (multifamily tax exemption) on qualifying projects.
https://www.moodyscre.com/marketplace/listing/67d9c90741b3773c0f9d834a

PROPERTY FACTS In Escrow

Sale Type
Owner User
Property Type
Office
Building Size
1,323 SF
Building Class
B
Year Built
1951
Price
$850,000
Price Per SF
$642.48
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,323 SF
Building FAR
0.17
Lot Size
0.18 AC
Zoning
BC/D - Professional (Insurance, CPA, Lawyer, etc.); Medical/Healthcare (Primary Care, etc.); Health/Wellness; Retail (restaurant, coffee, etc.); Daycare; etc
Parking
6 Spaces (4.54 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Fenced Lot
  • Signage
  • Skylights
  • Wheelchair Accessible
  • Air Conditioning
  • Fiber Optic Internet
  • Smoke Detector

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 1,323 SF
  • Office/Medical
  • Full Build-Out
  • Feb 2026

+ Prime Corner Commercial Space – 5603 230th St SW, Mountlake Terrace, WA + High-visibility corner lot on Main Street (56th Ave W) with over 17,000 vehicles per day + Five blocks from the new Mountlake Terrace Light Rail Station + Located in the rapidly growing Town Center amid major redevelopment and increasing foot traffic + Updated building with modern systems, skylights, epoxy floors, and a new roof + Mature landscaping with strong curb appeal + On-site parking plus ADA access + TC-R zoning supports a mix of office, retail, and small-scale commercial uses + Ideal for professional office, boutique retail, wellness, service, medical, insurance, accounting, etc. + A standout opportunity for tenants seeking unmatched visibility and a prime spot in Mountlake Terrace’s booming Town Center.

Space Size Space Use Condition Available
1st Floor 1,323 SF Office/Medical Full Build-Out Feb 2026

1st Floor

Size
1,323 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Feb 2026

1st Floor

Size 1,323 SF
Space Use Office/Medical
Condition Full Build-Out
Available Feb 2026

+ Prime Corner Commercial Space – 5603 230th St SW, Mountlake Terrace, WA + High-visibility corner lot on Main Street (56th Ave W) with over 17,000 vehicles per day + Five blocks from the new Mountlake Terrace Light Rail Station + Located in the rapidly growing Town Center amid major redevelopment and increasing foot traffic + Updated building with modern systems, skylights, epoxy floors, and a new roof + Mature landscaping with strong curb appeal + On-site parking plus ADA access + TC-R zoning supports a mix of office, retail, and small-scale commercial uses + Ideal for professional office, boutique retail, wellness, service, medical, insurance, accounting, etc. + A standout opportunity for tenants seeking unmatched visibility and a prime spot in Mountlake Terrace’s booming Town Center.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
005219-004-006-00
Land Assessment
$495,800
Improvements Assessment
$141,700
Total Assessment
$637,500
  • Listing ID: 36888520

  • Date on Market: 7/23/2025

  • Last Updated:

  • Address: 5603 230th St SW, Mountlake Terrace, WA 98043

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