1050-1052 State Ave Marysville, WA 98270
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.