Leased Office Building with Paved
Mount Vernon, WA 98273 Mount Vernon, WA 98273
New
Mount Vernon, WA, 98273
$1,350,000
For Sale
$1,350,000
COMMERCIAL - Mount Vernon, WA
Lot Size0.52 Acres
Days on Market3
Property Features
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 0.52 Acres
Building Details
- Year built
- 1985
Listing Agency
NextHome Preview Properties
(360) 333-8734
1615 Buck Way #A, WA
Listed by
NW House Hunters · License #PersonLicenseNumber
(360) 215-2592
Added: Jul 19 Updated: Jul 20 at 4:00 pm Checked: Jul 21 at 5:06 am
MLS# 2555069
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Investment Insights
Based on property information with market context.
This fully leased commercial office building has operated as a real estate office and mortgage company since 1999. The property is described as well-maintained and benefits from established, long-term tenants, with lease terms extending through 2029 and 2031. The offering is presented as a 7% capitalization rate investment, including appeal for investors considering a 1031 exchange replacement property.
Located on College Way in Mount Vernon, the building is noted for strong street exposure, with approximately 20,000 vehicles driving by daily. Parking lot improvements are also part of the update, with the parking lot recently paved. The property is reported to have convenient access to Interstate 5 and proximity to downtown Mount Vernon, healthcare facilities, professional services, restaurants, and regional employers.
Located on College Way in Mount Vernon, the building is noted for strong street exposure, with approximately 20,000 vehicles driving by daily. Parking lot improvements are also part of the update, with the parking lot recently paved. The property is reported to have convenient access to Interstate 5 and proximity to downtown Mount Vernon, healthcare facilities, professional services, restaurants, and regional employers.
Key Highlights
- Fully leased commercial office building in Mount Vernon, Washington, built in 1985
- Used as a real estate office and mortgage company since 1999
- Lease terms extend through 2029 and 2031
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Fully leased office building with long-term tenants through 2029 and 2031, plus a recently paved parking lot.
Where is this office building located?
The property is located at Mount Vernon, WA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Fully leased commercial office building in Mount Vernon, Washington, built in 1985; Used as a real estate office and mortgage company since 1999; Lease terms extend through 2029 and 2031
