1503 Riverside Dr - Bank FOR SALE


Mount Vernon, WA 98273
$950,000 USD
425-296-2280
1503 Riverside Dr, Mount Vernon, WA for Sale
$950,000 USD
Bank - FOR SALE
1/5
null | Request Cap Rate

1503 Riverside Dr
Mount Vernon, WA 98273


HIGHLIGHTS

  • High-traffic location at College Way and Riverside Drive, a major Mount Vernon intersection.
  • C-2 zoning supports a wide range of commercial uses, including retail and office.
  • Former bank facility with existing drive-thru capability and flexible interior layout.
  • Located minutes from Interstate 5 and surrounded by retail, dining, and service amenities.
  • Two-story design with open first-floor plan and multiple private offices for configuration options.

OVERVIEW

Prime investment opportunity! This two-story commercial property offers a versatile opportunity in one of Mount Vernon’s most trafficked corridors. Formerly a drive-thru bank, the building delivers flexible functionality for retail or office uses with an open first-floor layout and three private offices spread across both levels. Prominently positioned at the intersection of College Way and Riverside Drive—one of the busiest crossroads in Skagit County—the property’s C-2 zoning supports a variety of potential commercial applications. Its 0.57-acre parcel provides ample space for parking and possible site enhancements, while visibility and accessibility from major arterial routes ensure strong customer exposure. Ideal for an owner-user or investor seeking a highly accessible location, the asset is minutes from Interstate 5, regional shopping centers, and Mount Vernon’s downtown hub. Offered at $950,000, this property blends convenience, adaptability, and a high-traffic location in a growing Washington market.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$290 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

C-2

APN/PARCEL ID

P26291

ASK ABOUT THIS PROPERTY

Connie VegaRed Rock Real EstateMore Info
425-296-2280

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Connie VegaRed Rock Real EstateMore Info
425-296-2280

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