Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    315 State St Sedro-Woolley, WA 98284

    For Sale
    $695,000

    Downtown retail space, high cap rate.

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 5,000-square-foot storefront, located at 315 E State St in Sedro-Woolley, WA 98284, presents a compelling investment opportunity. The Class C building, constructed in 1960 and extensively renovated in 2021, boasts new thermopane windows, insulation, electrical systems, HVAC, flooring, and lighting. Currently 100% occupied with a lease expiring December 31, 2024, the property offers a 6.50% cap rate and a price per square foot of $139. The asking price is $695,000. The single-story building sits on a 9,600-square-foot lot and includes 8 off-street parking spaces. Zoned for Central Business District use, the flexible space allows for diverse applications. The building's rear area is permitted for apartments, creating a live/work potential. The property is available for purchase, offering a strong return on investment. The current tenant is vacating at the end of the year, providing immediate occupancy for a new owner or lease opportunity.

    Property Features for 315 State St

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,000 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1960/2021
    Buildings
    1
    Stories
    1

    HighLights

    • $695,000 asking price for this 5,000 SF retail storefront.
    • Located at 315 E State St, Sedro‑Woolley, WA 98284 in the Central Business District.
    • Class C building, built in 1960, renovated in 2021, with 8 parking spaces and a 9,600 SF lot.
    • 100% occupancy until 12/31/2024; NNN lease; 6.50% cap rate; $139/SF.
    • Single‑tenant, currently occupied, with flexible space suitable for various uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Sedro-Woolley
    County
    Skagit
    State
    Washington
    Longitude
    -122.2366621
    Latitude
    48.5030562

    Nearby Comparable

    • Contact for pricing

      Land For Sale Sedro-Woolley

      Land available for purchase in Sedro-Woolley, Washington.
      700 Borseth St, Sedro Woolley, WA 98284
      View Details
    • $699,900
      1,920 SF

      Turnkey Restaurant Investment Opportunity

      Restaurant building in high-traffic area, leased to local establishment.
      108 W Moore St, Sedro Woolley, WA 98284
      View Details
    • $550,000
      16.48 Acres

      16.48 Acres of Farmland

      Level farmland acreage suitable for building a dream home.
      1 Lot Fruitdale Rd, Sedro Woolley, WA 98284
      View Details
    • $399,500
      1,656 SF

      Functional Office Building on Large Lot

      Distinctly designed office building with ample parking and easy access.
      10212 Collins Rd, Sedro Woolley, WA 98284
      View Details
    • $1,300,000
      41 SF

      Skagit Farmland with Business Opportunity

      41+ acres of fertile land with established business for sale.
      8233-8243 Sims Rd, Sedro Woolley, WA 98284
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Downtown retail space, high cap rate.
    Where is this individual retail property located?
    The property is located at 315 State St Sedro-Woolley, WA.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: $695,000 asking price for this 5,000 SF retail storefront.; Located at 315 E State St, Sedro-Woolley, WA 98284 in the Central Business District.; Class C building, built in 1960, renovated in 2021, with 8 parking spaces and a 9,600 SF lot.
    Request Owner's contact information
    315 State St Sedro-Woolley, WA 98284
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    315 State St
    Sedro-Woolley, WA 98284
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    315 State St Sedro-Woolley, WA 98284
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.