10321 State Ave Marysville, WA 98271
- Bars
- 1,981 SF
- 0.12 lot acres
Current Use by Public Records
- ATM / Atm
- 1933 bar / Bar
Property Details for 10321 State Ave
- Year built
- 1933
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.12 lot acres
- Property size
- 1,981 SF
- Zone code
- M4
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 30051600202600
- APU
- 30051600202600
Description
This exceptional commercial property, located at 10321 State Avenue in Marysville, WA, presents a unique investment opportunity. The 12,197 square foot property comprises two separate tax parcels zoned for General Commercial use. A significant asset is the recently remodeled 1,981 square foot bar/restaurant, featuring a partially covered outdoor area and secured by a three-year lease. This provides immediate and consistent rental income. The second parcel, currently utilized as a parking lot, offers significant potential for future development or expansion. Both lots are flat and level, ensuring ease of access and utilization. The property benefits from excellent street visibility on State Avenue/Smokey Point Boulevard, a recently widened thoroughfare experiencing substantial growth. High traffic volume and convenient freeway access further enhance its desirability. This location is situated within a rapidly developing area, promising strong future returns on investment. The property's combination of existing income-generating space and a vacant, developable lot makes it an attractive proposition for investors seeking both immediate returns and long-term growth potential. The flat, level lots provide ample space for various commercial uses, making this a versatile and highly sought-after location. The property is priced at $1,350,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $920,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $865,000
- 6.5%
- $1,020,000
- 7%
- $920,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,015,000
- Geo Method
- $1,060,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $870,000
- Retail
- $845,000
- Mixed-Use
- $970,000
- Hospitality
- $960,000
- Educational
- $1,005,000
- Residential Income
- $1,020,000
- Energy
- $1,070,000
- Income-Based Land
- $1,110,000
- Food Service
- $1,090,000
Location Insight
- Map
- Local Demand
- City
- Marysville
- County
- Snohomish
- State
- Washington
- Longitude
- -122.173
- Latitude
- 48.0889
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
