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    FOR LEASE
    Theaters & concert halls

    525 E College Way, Mount Vernon, WA 98273

    88,455 SF 8.12 ac lot Built 1977
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US90-0594893
    Property summary
    AI-generated overview

    This exceptional retail opportunity encompasses a 98,570 square foot, multi-tenant center situated on 8.12 acres in Mount Vernon, WA. The property, built in 1978, features three single-story buildings and offers 401 parking spaces. Currently, 18,800 square feet is available, with the possibility of dividing the space to suit tenant needs. Located at 525 E College Way, this highly visible location boasts excellent access and ample parking, situated along Highway 538 (East College Way), which sees an average daily traffic count of 26,000 vehicles. The property benefits from lighted intersections and is strategically positioned within Mount Vernon's commercial core, near major national retailers including Lowe's, Walmart, Safeway, Petco, Office Depot, JoAnn Fabrics, and Hobby Lobby. Mount Vernon's robust growth, evidenced by a 25% population increase since 2000, significantly enhances the property's investment potential. The property's proximity to Skagit Valley College, serving nearly 5,000 students just one mile away, further strengthens its appeal. The property's APN is P53856, and Skagit County taxes are $14 per square foot.

    Property profile
    Verified
    Property type Theaters & concert halls
    Use group THEATER (MOVIE)
    Year built 1977
    Total area 88,455 SF
    Lot 8.12 ac (353,707 SF)
    APN 3746-000-011-0000
    UPID US90-0594893
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Grocery Outlet Grocery & Convenience Store Food Market
    • Big Box Outlet Store Home Decor Store Department Store
    • Mount Vernon TRT Peptide BHRT Therapy Specialist Health Counselor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.24M
    Owner & transaction history
    Ross Dress For Less INC · 1 yrs held
    Ross Dress For Less INC
    since 2025
    7 recorded transactions
    2025
    2025
    2024
    2020
    2018
    2017
    2015
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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