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Property profile

2428 Old Hwy 99 Rd Mount Vernon, WA 98273

OFF-MARKET
Office Spaces
5,628 SF 0.72 ac lot Built 1975
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Property summary

AI-generated overview

This exceptional 5,628-square-foot commercial property in Mount Vernon, Washington, presents a unique investment opportunity. The single-story building, constructed in 1975, sits on a 0.72-acre lot and boasts a versatile design combining office and small warehouse space. Its strategic location in South Mount Vernon offers convenient access to Interstate 5, utilizing exits 224 and 225, ensuring seamless transportation links. The property is zoned C-L (Commercial-Limited Industrial), providing flexibility for a range of businesses. Nearby establishments include SaviBank, Bargains Galore, and CPI Plumbing, indicating a thriving commercial environment. The building's single-story design and ample lot size offer potential for expansion or modification. This property is available for sale at $1,100,000 and is also available for lease. All information is deemed reliable but not guaranteed

Property profile

Verified
Property type Office Spaces
Year built 1975
Total area 5,628 SF
Lot 0.72 ac (31,363 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2428 Old Hwy 99 Rd Mount Vernon, WA 98273
Mount Vernon metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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