1503 Riverside Dr Mount Vernon, WA 98273
Property profile & analytics
1503 Riverside Dr Mount Vernon, WA 98273
- Office Spaces
- 3,109 SF
- 0.57 lot acres
Property ID
US90-0469831
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office Spaces
Property Details for 1503 Riverside Dr
- Year built
- 1977
- Lot size
- 0.57 lot acres
- Property size
- 3,109 SF
- Property type
- Office Spaces
- APN
- 340418-4-003-1102
- APU
- 34041840031102
Description
This exceptional commercial property, located at 1503 Riverside Drive in Mount Vernon, Washington, presents a unique investment opportunity. The 3,109 square foot building sits on a 0.57-acre lot, offering ample space and potential for various commercial uses. Built in 1977, the structure is zoned C-2 (General Commercial District), providing flexibility for a range of businesses. Its convenient location on Riverside Drive ensures easy access to Interstate 5, specifically exit 227/College Way, enhancing visibility and accessibility for customers and employees. The property benefits from its proximity to Mount Vernon's thriving retail sector, placing it within a bustling commercial area. This single-building property offers a solid foundation for a new business venture or a strategic addition to an existing portfolio. The asking price is $659,000. All information is believed to be accurate but should be independently verified.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $345,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $485,000
- 6.5%
- $450,000
- 7%
- $415,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $527,000
Market price range: $149k - $566k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $510,000 Current use
- AUTO REPAIR, GARAGE
- $750,000 Change: +47% Conversion: Difficult
- OFFICE BUILDING
- $530,000 Change: +3% Conversion: Easy
- RETAIL STORES
- $490,000 Change: -4% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mount Vernon
- County
- Skagit
- State
- Washington
- Longitude
- -122.336
- Latitude
- 48.4341
- CBSA code
- 34580
- CBSA name
- MOUNT VERNON-ANACORTES, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$8,895
$397,300
$274,200
$671,500
-
$397,300
$274,200
$671,500
