315 State St Sedro Woolley, WA 98284

This 5,000-square-foot storefront, located at 315 E State St in Sedro-Woolley, WA 98284, presents a compelling investment opportunity. The Class C building, constructed in 1960 and extensively renovated in 2021, boasts new thermopane windows, insulation, electrical systems, HVAC, flooring, and lighting. Currently 100% occupied with a lease expiring December 31, 2024, the property offers a 6.50% cap rate and a price per square foot of $139. The asking price is $695,000. The single-story building sits on a 9,600-square-foot lot and includes 8 off-street parking spaces. Zoned for Central Business District use, the flexible space allows for diverse applications. The building's rear area is permitted for apartments, creating a live/work potential. The property is available for purchase, offering a strong return on investment. The current tenant is vacating at the end of the year, providing immediate occupancy for a new owner or lease opportunity.