1048-1052 State Ave - Storefront FOR SALE


Marysville, WA 98270- Downtown Marysville
$3,750,000 USD
425-356-9177
1048-1052 State Ave, Marysville, WA for Sale
$3,750,000 USD
Storefront - FOR SALE
1/26
null | 9.63% Cap Rate

1048-1052 State Ave
Marysville, WA 98270
Downtown Marysville


HIGHLIGHTS

  • Fully leased
  • Property in excellent condition
  • Prime Location

OVERVIEW

This family owned building is on the market, located in central Marysville, and is fully occupied with long term tenants. Current tenants include a gym, pawn and jewelry shop, laundromat, and coffee stand. The building has a sprinkler system, paved parking lot with over 105 parking spaces, and is in a prime location! Just 5 minutes to I-5 for commuting and for ease of access for tenant customers. This is your opportunity to own prime real estate with Downtown Commercial Zoning in fast growing Marysville with a CAP rate of 9.6% and annual rent increases. Sellers will carry a contract: 25% down, 5% interest, 30 year am, 5 year cash out. Ideal for an investor with an eye towards the future

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

9.63%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

105

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

Downtown Commercial

APN/PARCEL ID

300528-002-167-00

ASK ABOUT THIS PROPERTY

Debbie Barger SmithWindermere Real Estate - MarysvilleMore Info
425-356-9177

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Debbie Barger SmithWindermere Real Estate - MarysvilleMore Info
425-356-9177

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.