525 E College Way, Mount Vernon, WA 98273
For Lease
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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.
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Grocery Outlet Grocery & Convenience Store Food Market
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Big Box Outlet Store Home Decor Store Department Store
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Mount Vernon TRT Peptide BHRT Therapy Specialist Health Counselor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.