1606 4th St Marysville, WA 98270-5042

Property Details for 1606 4th St

Year built

1954

Construction

TYPE NOT SPECIFIED

Lot size

0.14 lot acres

Property size

2,431 SF

Zone code

M7

Property type

Retail space

APN

528700600800

APU

528700600800

Description

This fully occupied four-unit commercial building presents a compelling investment opportunity in the thriving city of Marysville, Washington. Located at 1606 4th Street, this prime property boasts a strong 5.9% capitalization rate, promising consistent returns for the discerning investor. The building's current tenants enjoy long-term leases, ensuring stable income and minimizing vacancy risks. Its mixed-use zoning provides flexibility for future development and adaptation to evolving market demands. The property benefits from a highly visible location on 4th Street, ensuring excellent exposure to a large volume of daily traffic. Its convenient proximity to major transportation arteries, including Interstate 5 and State Route 529, guarantees easy accessibility for both tenants and customers. This strategic location, coupled with the building's solid rental history, makes it an exceptionally attractive investment prospect. The property's current configuration offers immediate income generation, while the mixed-use zoning opens doors to a range of future possibilities. This is a rare opportunity to acquire a well-established, high-performing commercial property in a rapidly growing area. The asking price is $700,000.