2301 Fwy Dr Mount Vernon, WA 98273-5445
Property profile & analytics
2301 Fwy Dr, Mount Vernon, WA 98273-5445
- Retail space
- 221,879 SF
- 27.33 lot acres
Property ID
US90-0503507
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
- Walmart Business Center / Tech Support Center / (Bike/Boat/Book/etc) Store
- Walmart House Cleaning Services / Hardware & Home Improvement
- Regal Nails, Salon & Spa / Nail Salon
Property Details for 2301 Fwy Dr
- Year built
- 2009
- Lot size
- 27.33 lot acres
- Property type
- Retail space
- APN
- 8085-000-001-0000
- APU
- 80850000010000
Description
This exceptional 1.2-acre retail property presents a unique investment opportunity in the thriving city of Mount Vernon, Washington. Located at 2301 Freeway Dr, this grocery store pad enjoys a highly visible position adjacent to a Walmart, ensuring significant foot traffic and brand recognition. The property's strategic location within Skagit County, WA, 98273, offers easy access to major transportation routes, maximizing exposure to a large customer base. The site's 1.2-acre lot provides ample space for development or expansion of an existing grocery store operation. The property's classification as a retail space, specifically a grocery store, makes it ideal for a variety of food-related businesses seeking a prime location with established consumer traffic. Its proximity to a major retailer like Walmart significantly enhances its potential for success. This is a rare chance to acquire a well-situated retail property in a growing market, offering substantial returns on investment. The property's address is easily accessible and highly visible, making it an attractive location for both customers and employees. The site is ready for immediate development or lease, presenting a compelling opportunity for investors and businesses alike. This location offers a strong foundation for a successful and profitable venture in a dynamic and expanding community. The property's size and location make it an ideal candidate for a variety of grocery store concepts.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $31,225,000
- 6.5%
- $28,825,000
- 7%
- $26,765,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $31,104,000
- AI Estimate
- $19,141,000
Market price range: $18.5M - $51.2MMarket price range: $10.00M - $32.3M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $35,095,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $39,635,000 Change: +13% Conversion: Difficult
- OFFICE BUILDING
- $37,650,000 Change: +7% Conversion: Easy
- COMMERCIAL (GENERAL)
- $36,470,000 Change: +4% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $31,580,000 Change: -10% Conversion: Difficult
- WAREHOUSE, STORAGE
- $28,995,000 Change: -17% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Mount Vernon
- County
- Skagit
- State
- Washington
- Longitude
- -122.346
- Latitude
- 48.4414
- 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
$317,732
$10,339,100
$13,661,100
$24,000,200
-
$10,339,100
$13,661,100
$24,000,200
