615 Cedar Ave, Marysville, WA 98270
This exceptional mixed-use property, located at 615 Cedar Ave in Marysville, WA 98270, presents a unique investment opportunity. The property boasts a total of 6,450 square feet across two buildings, each three stories high, situated on a spacious 20,038 square foot lot (APN: 00585500500403). Built in 1978, the Class B property is currently zoned MU - Mixed Use, allowing for a wide range of permitted uses including multi-family residential, senior housing, daycare, and office space. The asking price is $1,240,000, translating to $192.25 per square foot. The property features on-site amenities such as a garage, playground, storage shed, picnic area, and garden space. Its convenient location offers proximity to I-5 Freeway, grocery stores, shopping centers, and other amenities. The City of Marysville building is within walking distance, providing easy access to assistance with permitting and related inquiries. This property offers the potential for redevelopment or renovation to suit a variety of business or residential needs, making it an ideal investment in a thriving area. Buyers have the option to either renovate the existing structures or demolish them to construct a new building aligned with permitted uses. This versatile property is ready for a visionary owner to capitalize on its significant potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.