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5503 232nd St SW
Mountlake Terrace, WA 98043 Town Center

$2,100,000 USD

Warehouse For Sale  •  9,600 SF

Property Details

• Property Type Warehouse
• Total Building Size 9,600 SF
• Lot Size 0.48 AC
• Building Class C
• Year Built 1951
• Tenancy Single
• Zoning BC/D

0 Transit Score

63 Walk Score

Highlights

In-place income (06/2026) provides near-term cash flow with flexibility for occupancy or releasing at rollover.

Feasibility studies to support 57 multifamily units, offering long-term redevelopment optionality at rollover.

One block east of Mountlake Terrace’s designated “Main Street” (56th Ave W), which is undergoing significant public investment to support pedestrian-f

Mountlake Terrace is situated in Snohomish County, WA, approximately 14 miles north of Downtown Seattle along the I-5 corridor. It borders Shoreline,

The city covers about 4 square miles and sits on a plateau, offering views of the Olympic and Cascade Mountains. It includes access to Lake Ballinger

Located adjacent to Interstate 5 (I-5) and near I-405, providing crucial regional connectivity

Property Flyers

5503 232nd St_Flyer

Public Transportation

Commuter Rail	Drive	Walk	Distance
Edmonds Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	13 min	-	5.9 mi
Airport	Drive	Walk	Distance
Seattle Paine Field International	19 min	-	10.8 mi
Seattle-Tacoma International	41 min	-	27.5 mi