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Property profile & analytics

2301 Fwy Dr Mount Vernon, WA 98273-5445

  • Retail space
  • 221,879 SF
  • 27.33 lot acres
OFF-MARKET
Value Estimations
$26,355,000
Show details
Cap Rate Potential
Location Intelligence
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.

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 size
221,879 SF
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
    Market price range: $18.5M - $51.2M
    AI Estimate
    $19,141,000
    Market 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

Get a detailed, property-specific valuation — fast and free


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
More about this property
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