Turnkey Standalone Office-Retail
915 McLean Road Mount Vernon, WA 98273
915 McLean Road, Mount Vernon, WA, 98273
Contact for pricing
For Sale
Contact for pricing
Single-story standalone building with 14 off-street parking spaces and recent capital improvements.
Property Size1,472 SF
Lot Size0.20 Acres
Price / SF$295.52
Days on Market50
Property Features for 915 McLean Road
General Information
- Standard status
- Active
- Size
- 1,472 SF
- Lot size
- 0.20 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1942
Listing agency
Coldwell Banker 360 Team Oak Harbor
(360) 544-2255
Listed by
Tyler Fitzgerald · License #WA
Source
Crexi
Added: Jun 4 Updated: Jul 22 at 3:06PM Checked: Jul 22 at 3:06PM
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 Coldwell Banker 360 Team Oak Harbor
Investment Insights
Based on property information with market context.
This turnkey, single-story standalone commercial property totals 1,472 square feet and is maintained with a modernized buildout. Recent capital improvements include a new 40-year rated TPO roof (2020), a new electrical panel (2017), new concrete plank siding (2017), new 20" sewer main (2021), along with fresh interior and exterior paint. The property is presented as a fully leased investment, or it can be transitioned by an owner-user to establish a custom office or retail storefront.
The building features high-visibility road frontage on a highly trafficked thoroughfare, offering straightforward access to the Interstate 5 corridor. It is positioned just minutes from downtown Mount Vernon and includes 14 dedicated, off-street parking spaces on an 8,712-square-foot lot.
The building features high-visibility road frontage on a highly trafficked thoroughfare, offering straightforward access to the Interstate 5 corridor. It is positioned just minutes from downtown Mount Vernon and includes 14 dedicated, off-street parking spaces on an 8,712-square-foot lot.
Key Highlights
- 1,472 SF single‑story standalone commercial building built in 1942 on an 8,712 SF lot
- Fully leased investment or owner‑user space with straightforward road‑front access to I‑5 corridor
- Recent capital improvements include 40‑year rated TPO roof (2020), electrical panel (2017), concrete plank siding (2017), and 20" sewer main (2021)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.8k | $35.88 |
| − Vacancy | −$10.9k | −$7.39 |
| EGI | $41.9k | $28.49 |
| − OpEx | −$10.5k | −$7.12 |
| NOI | $31.5k | $21.37 |
1,472 SF · lease $35.88/SF/yr · vacancy 20.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$449.3K
$393.2K – $524.2K
NOI $31,452 @ 7.0% cap · market cap 7.23%
Second Best
Retail
$177.6K
$155.4K – $207.2K
NOI $12,429 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$598.7K
$523.8K – $698.5K
NOI $41,907 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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- Rose’s Briar — Mount Vernon, WA 98274
- Petals by Linda — 633 S 2nd St, Mount Vernon, WA 98273
FAQs
What type of property is this?
Storefront property - Single-story standalone building with 14 off-street parking spaces and recent capital improvements.
Where is this storefront property located?
The property is located at 915 McLean Road Mount Vernon, WA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 1,472 SF single‑story standalone commercial building built in 1942 on an 8,712 SF lot; Fully leased investment or owner‑user space with straightforward road‑front access to I‑5 corridor; Recent capital improvements include 40‑year rated TPO roof (2020), electrical panel (2017), concrete plank siding (2017), and 20" sewer main (2021)
