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525 College Way Mount Vernon, WA 98273

For Lease
$10 SF/Yr

High-traffic retail space available.

Lot size:
98,570 SF

Description

Added:
Dec 11, 2024
Days on Market:
370
This exceptional retail opportunity encompasses a 98,570 square foot, multi-tenant center situated on 8.12 acres in Mount Vernon, WA. The property, built in 1978, features three single-story buildings and offers 401 parking spaces. Currently, 18,800 square feet is available, with the possibility of dividing the space to suit tenant needs. Located at 525 E College Way, this highly visible location boasts excellent access and ample parking, situated along Highway 538 (East College Way), which sees an average daily traffic count of 26,000 vehicles. The property benefits from lighted intersections and is strategically positioned within Mount Vernon's commercial core, near major national retailers including Lowe's, Walmart, Safeway, Petco, Office Depot, JoAnn Fabrics, and Hobby Lobby. Mount Vernon's robust growth, evidenced by a 25% population increase since 2000, significantly enhances the property's investment potential. The property's proximity to Skagit Valley College, serving nearly 5,000 students just one mile away, further strengthens its appeal. The property's APN is P53856, and Skagit County taxes are $14 per square foot.

Property Features for 525 College Way

General Information

Property type
Neighborhood centers
Lease Type
Gross Lease
RSF (Rentable sq. ft)
98,570 SF
Total Rate
82141.67

Building Details

Year Built
1978
Buildings
3
Stories
1

Unit(s) available at that property

Space
Available Space (Will Demise)
Size
20,000 SF
Rate per SF
$10
Space
Available Space 3
Size
2,284 SF
Rate per SF
$15

HighLights

  • $73,000+ average household income within a 3‑mile radius.
  • Highly visible location on Highway 538 (East College Way) with over 26,000 vehicles per day.
  • Surrounded by national retailers including Lowe's, Walmart, Safeway, Petco, Office Depot, JoAnn Fabrics, and Hobby Lobby.
  • Located in a rapidly growing area with 47,000+ people within a 3‑mile radius.
  • 9,200+ daytime employees within a 1‑mile radius.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Grocery Outlet Grocery Store Big Box Outlet ... Home Goods Store Mount Vernon TRT ... Health Counselor

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
-122.3326791
Latitude
48.4369221

FAQs

What type of property is this?
Neighborhood center - High-traffic retail space available.
Where is this neighborhood center located?
The property is located at 525 College Way Mount Vernon, WA.
What is the lease rate?
The lease rate is $10-$15 SF/Yr.
What are key features of this property?
This property features: $73,000+ average household income within a 3-mile radius.; Highly visible location on Highway 538 (East College Way) with over 26,000 vehicles per day.; Surrounded by national retailers including Lowe's, Walmart, Safeway, Petco, Office Depot, JoAnn Fabrics, and Hobby Lobby.
More about this property
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