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    700-702 S 1St St Mount Vernon, WA 98273

    For Lease
    $1,425 /Mo ($17 SF/Yr)

    985 SF office/retail space in downtown Mount Vernon.

    Property size:
    985 SF
    Lot size:
    0.18 Acres

    Property Features for 700-702 S 1St St

    General Information

    Size
    985 SF
    Lot size
    0.18 Acres

    Source: Learned Commercial, Inc. Agent Clay Learned

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mount Vernon Office/Retail Space

    This property offers 985 square feet of office or retail space, situated in Pine Street Square. The location is near the historic Lincoln Theatre, retail shops, restaurants, and professional offices. The space includes one small restroom and a shower. It is located one block west of the Skagit County Courthouse. The property is zoned C-1: Central Commercial District. The lease is gross, with the tenant responsible for power and gas expenses. The space can be combined with an adjacent 1,913 square foot space at 707 S 2nd Street.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Skagit
    State
    Washington
    Longitude
    -122.336769
    Latitude
    48.427143

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    FAQs

    What type of property is this?
    Office space - 985 SF office/retail space in downtown Mount Vernon.
    Where is this office space located?
    The property is located at 700-702 S 1St St Mount Vernon, WA.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in Pine Street Square, a vibrant open-air gathering spot.; - Situated in a high-traffic area near the historic Lincoln Theatre, retail shops, restaurants, and professional offices.; - Zoned C-1: Central Commercial District, offering versatile usage options.
    (360) 770-1388
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    700-702 S 1St St Mount Vernon, WA 98273
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