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Mount Vernon Warehouse and Office

3709 Old Hwy 99 South Rd, Mount Vernon, WA 98273

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For Sale

$5,200,000

Warehouse with remodeled office and temporary storage on 5 acres.

Type:Commercial

Property size:

34,417 SF

Price / SF:

$151/SF

HighLights

Large 5‑acre site in South Mount Vernon Commercial Light Industrial Zone.
Approx. 28,700 SF warehouse and newly remodeled approx. 4,277 SF attached office building.
Three exterior temporary storage canvas buildings totaling 14,400 SF.
Substantial power supply: 3 Phase with 300 AMPS, 100 AMPS, and 80 AMPS, distributed across 7 electrical panels.
Approx. 600 feet of frontage on Old Highway 99.
Site is paved and largely fenced.

We can help!

Listing Contact

BALISA KOETJE

Learn more

For Sale

$5,200,000

Warehouse with remodeled office and temporary storage on 5 acres.

Type:Commercial

Property size:

34,417 SF

Price / SF:

$151/SF

Added:: Jan 8, 2025
Days on Market:: 516
Last Refresh:: Apr 5 at 8:56 pm

Property Features for 3709 Old Hwy 99 South Rd

General Information

Standard status: Active
Size: 34,417 SF
Property subtype: Commercial

We can help!

Listing Contact

BALISA KOETJE

Listing agent BALISA KOETJE

Listing office WINDERMERE - SKAGIT VALLEY

Listing date Jan 8, 2025

Source Corcoran

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

All listing content including descriptions, pricing, images are the copyrighted material of WINDERMERE - SKAGIT VALLEY

HighLights

Large 5‑acre site in South Mount Vernon Commercial Light Industrial Zone.
Approx. 28,700 SF warehouse and newly remodeled approx. 4,277 SF attached office building.
Three exterior temporary storage canvas buildings totaling 14,400 SF.
Substantial power supply: 3 Phase with 300 AMPS, 100 AMPS, and 80 AMPS, distributed across 7 electrical panels.
Approx. 600 feet of frontage on Old Highway 99.
Site is paved and largely fenced.

Overview

This property presents a significant opportunity within the South Mount Vernon Commercial Light Industrial Zone. The site encompasses approximately 5 acres and features a warehouse of around 28,700 square feet, complemented by a newly remodeled attached office building spanning approximately 4,277 square feet. Additionally, there are three exterior temporary storage canvas buildings, each measuring 6,000 square feet, 4,200 square feet, and 4,200 square feet respectively. The property is largely fenced, paved, and includes approximately 600 feet of frontage on Old Highway 99. It benefits from 3-phase power, with 300 AMPS, 100 AMPS, and 80 AMPS, distributed across 7 electrical panels. A clean Phase One Report is available for review.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$421.3k	$12.24
− Vacancy	−$6.1k	−$0.18
EGI	$415.2k	$12.06
− OpEx	−$62.3k	−$1.81
NOI	$352.9k	$10.25

34,417 SF · lease $12.24/SF/yr · vacancy 1.45% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$5.04M

$4.41M – $5.88M (±1% cap)

NOI $352,882 @ 7.0% cap · market cap 6.79%

Second Best

Industrial

$4.15M

$3.63M – $4.84M (±1% cap)

NOI $290,609 @ 7.0% cap · market cap 5.59%

Theoretical Best

Office A

$14.00M

$12.25M – $16.33M (±1% cap)

NOI $979,840 @ 7.0% cap · market cap 18.84%

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

Location Intelligence

Current Use by Public Records

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Similar Places Nearby

Central Heated Mini Storage — 211 Anderson Rd # A, Mount Vernon, WA 98273
Alan Heated Mini Storage — 1106 Sicklesteel Ln, Mount Vernon, WA 98274
U-Pack — 2829 Old Hwy 99 S, Mount Vernon, WA 98273
North Star Storage — 4103 Old Hwy 99 S, Mount Vernon, WA 98273
Central Moving & Storage — 211 Anderson Rd, Mount Vernon, WA 98273

Location Insight

Map
Local Demand

City: Mount Vernon
County: Skagit
State: Washington
Longitude: -122.436
Latitude: 48.4305

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For sale
Warehouses
WA
Mount Vernon
98273
3709 Old Hwy 99 South Rd

What type of property is this?

Warehouse - Warehouse with remodeled office and temporary storage on 5 acres.

Where is this warehouse located?

The property is located at 3709 Old Hwy 99 South Rd Mount Vernon, WA.

What is the asking price?

The asking price for this property is $5,200,000.

What are key features of this property?

This property features: Large 5‑acre site in South Mount Vernon Commercial Light Industrial Zone.; Approx. 28,700 SF warehouse and newly remodeled approx. 4,277 SF attached office building.; Three exterior temporary storage canvas buildings totaling 14,400 SF.

3709 Old Hwy 99 South Rd, Mount Vernon, WA 98273

Warehouse with remodeled office and temporary storage on 5 acres.

Property Features for 3709 Old Hwy 99 South Rd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Mount Vernon Six-Unit Apartment Building

Former Drive-Thru Bank Building

Historic Commercial Building in Mount Vernon

Downtown Mount Vernon Retail Space

Former Bank Building For Sale

Downtown Mount Vernon Office/Retail Space

Upgraded Retail Space in Mount Vernon

Downtown Mount Vernon Retail/Office Space

Mount Vernon Retail Center For Sale

Downtown Mount Vernon Office Building

Mount Vernon Commercial Property Opportunity

Remodeled Warehouses with Breezeway

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