206-826-5687
1500 Continental Pl, Mount Vernon, WA for Sale
Medical - FOR SALE
1/6
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1500 Continental Pl
Mount Vernon, WA 98273


HIGHLIGHTS

  • Rare Medical-Surgical Facility
  • In-Place Income Through 2027
  • Prominent Corner Location
  • Ample Parking
  • Quality Construction
  • Designated Opportunity Zone

OVERVIEW

The Vara Group is proud to present the exclusive opportunity to acquire 1500 Continental Place, a 19,904 SF medical office building located in the heart of Mount Vernon, Washington. Built in 2001 with durable masonry construction, the property is fully built-out as a medical surgical facility, offering immediate stability with an established tenant in place and two years remaining on their lease. The site spans 1.66 acres with 82 surface parking stalls, delivering an above-market 4.12/1,000 SF parking ratio—an operational advantage for patient-oriented practices. Demographic trends in the surrounding area provide strong support for continued medical demand. The 5-mile population is projected to grow to over 62,600 by 2029, with nearly one in five residents aged 60 or older. Positioned just 1.6 miles (5 minutes) from Skagit Valley Hospital, the property is strategically located within the region’s core healthcare corridor, enhancing both referral opportunities and long-term tenant viability.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Proliance Medical Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

82

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

C-2

APN/PARCEL ID

P114427

ASK ABOUT THIS PROPERTY

John MarksMarcus & MillichapMore Info
206-826-5687

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John MarksMarcus & MillichapMore Info
206-826-5687

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