Mount Vernon, WA Commercial Real Estate for Sale

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Updated: Sep 26, 2024

Modern Building in Skagit Valley

916 W Division St, Mount Vernon, WA 98273

$3,200,000

28,000 sqft

Completely rebuilt in 2016: A modern 28,000+\/- sq ft building.
Flourishing furniture business included: Opportunity for growth and expansion.
Established business: Honored as Skagit's Best for eight consecutive years.
Prime location: Heart of Skagit Valley, easily accessible and highly visible.
Versatile C‑2 zoning: Allows for various uses (eating, retail, offices, etc.).

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Here's a quick look at some key insights for

916 W Division St, Mount Vernon, WA 98273

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Est. Cap Rate

8.2%
Above avg (5.9%)
Est. NOI

$262K
Annual
Mortgage

$1.6M
Sep 2017
Property Type

Department Store
Built 2016

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Updated: Jul 19

Leased Office Building with Paved Parking

1615 Buck Way, Mount Vernon, WA 98273

$1,350,000

0.52 AC lot

Fully leased commercial office building in Mount Vernon, Washington, built in 1985
Used as a real estate office and mortgage company since 1999
Lease terms extend through 2029 and 2031
Parking lot recently paved
Approximately 20,000 vehicles drive by daily along College Way

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Historic Mixed-Use Commercial Building

307 South 1st Street, Mount Vernon, WA 98273

$699,500

0.11 AC lot

Historic downtown commercial building with a brick facade, picture windows, and an upper-level open workspace.

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Downtown Office Building Suites

702 Main, Mount Vernon, WA 98273

$775,000

0.04 AC lot

Multi-suite office building offering private offices and shared workspaces with river views near downtown Mount Vernon.

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Turnkey Standalone Office-Retail Building

915 McLean Road, Mount Vernon, WA 98273

$435,000

1,472 sqft 0.20 AC lot

Single-story standalone building with 14 off-street parking spaces and recent capital improvements.

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Mount Vernon Retail Center For Sale

525 E College Way, Mount Vernon, WA 98273

$15,550,000

100,155 sqft

100,155 SF retail center, 98% occupied, anchored by Grocery Outlet.

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Mount Vernon Commercial Property Opportunity

2401 Old Hwy 99 S Road, Mount Vernon, WA 98273

$725,000

2,100 sqft 0.34 AC lot

Versatile property with shop, home, and high visibility.

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Mount Vernon Commissary Kitchen Warehouse

1405 S 2nd St, Mount Vernon, WA 98273

$1,550,000

10,480 sqft 0.42 AC lot

10,480 SF building with commissary kitchen and shared parking.

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Retail and Warehouse Flex Building

1333 Riverside Drive, Mount Vernon, WA 98273

$3,000,000

19,700 sqft

19,700 SF building with open layout, office mezzanine, and both grade-level and dock-high loading doors.

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Prime Development Site I-5 Visibility

1901 Freeway Dr, Mount Vernon, WA 98273

$3,100,000

3,260 sqft

Commercial land with excellent I-5 visibility, development potential.

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Commercial Land with I-5 Access

1903 Freeway Dr, Mount Vernon, WA 98273

$2,400,000

2.79 AC lot

Mostly flat commercial land offering excellent visibility from Freeway Drive and quick access to Interstate 5.

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Former Bank Building For Sale

1503 Riverside Drive, Mount Vernon, WA 98273

$950,000

3,109 sqft 0.57 AC lot

Former drive-thru bank suitable for retail or office use.

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Commercial Building Prime Location

1610 N Laventure Road, Mount Vernon, WA 98273

$850,000

0.29 AC lot

Commercial building in prime location suitable for retail or office.

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Commercial Building Near I-5 Access

1101 Dale Ln, Mount Vernon, WA 98274

$899,000

5,400 sqft 0.35 AC lot

Commercial light industrial building with easy I-5 access and existing leases.

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Highly Visible Commercial Land

1377 Laconner Whitney Road, Mount Vernon, WA 98273

$465,000

2.50 AC lot

For sale: over 2.5 acres of highly visible commercial property on Laconner Whitney Road.

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Commercial/Light Industrial Site For Sale

3927 Old Hwy 99 S, Mount Vernon, WA 98273

$1,100,000

4,800 sqft

Commercial/light industrial site with improvements, easy I-5 access.

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Mount Vernon Restaurant Space Available

2021 Freeway Drive, Mount Vernon, WA 98273

Contact for pricing

3,062 sqft 0.99 AC lot

3,062 SF commercial space ideal for restaurant or food-service.

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Commercial Land Near I-5 Exit

225 Chenoweth Street, Mount Vernon, WA 98273

$795,000

0.97 AC lot

0.97 acre commercial land with fill and grade permit.

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Downtown Office Building Suites

702 Main, Mount Vernon, WA 98273

$775,000

Multi-suite office building with flexible private offices and shared workspaces and views of the Skagit River.

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Commercial Land on College Way

3740 E College Way, Mount Vernon, WA 98273

$325,000

2.41 AC lot

High-visibility commercial land with utilities in Mount Vernon, WA.

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Commercial Limited Industrial Land

2003 Henson Rd, Mount Vernon, WA 98273

$475,000

0.40 AC lot

Level, .40-acre limited industrial lot with sewer and catch basin utility infrastructure at the lot line.

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314+ Acre Waterfront Recreational Property

2323 Lindgren Road, Mount Vernon, WA 98273

$949,000

315.00 AC lot

Mount Vernon property with Skagit River frontage and recreational potential.

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Well-Maintained Commercial Property For Sale

1621 Freeway Drive, Mount Vernon, WA 98273

$1,265,000

0.27 AC lot

Fully occupied commercial property with multiple income streams and upside potential.

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Downtown Mount Vernon Office Building

1321 S 2nd St, Mount Vernon, WA 98273

$425,000

1,551 sqft 0.11 AC lot

1551 SF office building in downtown Mount Vernon, Washington.

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Mount Vernon, WA Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Mount Vernon, WA, showcased through 64 active listings on our real estate platform. These investment opportunities span a total of 26,597,187 square feet of properties for sale, with an estimated market value of $146,790,062.

Sale prices for business properties in Mount Vernon, WA start at $250,000, averaging $2,621,251, and reaching up to $30,971,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 49K

Population Growth (5Y) +3.7%

Median Household Income $81,862

College Educated 40.6%

High-Yield Neighborhoods for Investment

Identify Mount Vernon submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
98273	$2.4M

Taxes & Financing

Tax Rate (average for all types) 1.07%

Property Tax per SF $8.01 per SF

Tax Rate vs County Average 0.14 pp above county avg

Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Mount Vernon fall within the 100,000+ square foot range.

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