1050-1052 State Ave Marysville, WA 98270
- Retail properties
- 27,546 SF
- 2.13 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1050-1052 State Ave
- Year built
- 1963
- Lot size
- 2.13 lot acres
- Property size
- 27,546 SF
- Property type
- Retail properties
Description
This exceptional two-story, 27,546 square foot retail building, located at 1050-1052 State Ave in Marysville, WA 98270, presents a compelling investment opportunity. Built in 1963 and boasting a desirable DC zoning classification, this Class B property sits on a 2.13-acre lot (APN: 30052800216700) and offers over 105 paved parking spaces. Currently fully occupied by a diverse mix of long-term tenants including a gym, pawn and jewelry shop, laundromat, and coffee stand, this property generates a strong cash flow with a 7.17% CAP rate and built-in 3% annual rent increases. The building features a sprinkler system and underwent a complete roof replacement in 2022. Its central Marysville location provides convenient access to I-5, benefiting both tenants and customers. The asking price is $3,750,000 ($136.14/sq ft). This well-maintained property represents a rare chance to acquire prime downtown commercial real estate in a rapidly growing market. Don't miss this chance to own a piece of thriving Marysville.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marysville
- County
- Snohomish
- State
- Washington
- Longitude
- -122.176
- Latitude
- 48.0589
