Mountlake Terrace Assemblage

JLL has been exclusively retained for the sale of the Mountlake Terrace Assemblage (the “Property” or “Site”), a 56,192-square-foot development opportunity directly adjacent to the Mountlake Terrace Light Rail Station. Zoned TC-1, the Site presents a unique opportunity for 6-12 stories of multi-family or mixed-use development in one of Seattle’s fastest growing submarkets.

The offering consists of five parcels forming the core of a larger potential assemblage opportunity within the heart of Mountlake Terrace’s Town Center. The ability to add adjacent parcels to the assemblage presents a future developer with the opportunity for additional scale and density while capitalizing on one of the most significant transit-oriented growth nodes in Snohomish County.

Located steps from the Mountlake Terrace Link light rail station, the Site provides unparalleled connectivity to the region’s largest employment centers, including South Lake Union, Downtown Seattle, and the Eastside. Strong area demographics and quality schools further enhance the development’s appeal. The Site represents a compelling opportunity to deliver a landmark project at the doorstep of one of the region’s newest light rail stations, with the ability to secure an institutional-scale transit-oriented development site and further expand project density.