1050 State Avenue, Marysville, WA 98270
- $3,750,000
Listing courtesy of Windermere Real Estate JS.
- List Price
- $3,750,000
- Status
- PENDING FEASIBILITY
- MLS#
- 2358494
- Days on Market
- 509
- Annual Tax Ammount
- 28368
Property Description
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.
/u.realgeeks.media/pnwcasas/PNWCasas_BLK_Logo.jpg){kind=logo}
Additional Information
- Community
- Downtown
- Building Condition
- Very Good
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 1963
- # of Assigned Spaces
- 105
- Roof
- Built-Up, Flat, Torch Down
- Tax Year
- 2025
- Potential Terms
- Cash Out, Owner Financing
- Interior Features
- Concrete
- Flooring
- Concrete, Vinyl, Carpet
- Driving Directions
- Take Exit 199 on I-5, head west, north on State Avenue, Property on East side of Road.
- Electric Expenses
- 2079
- Other Expenses
- 3090
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $360,829
- Gross Adjusted Income
- $402,032
- Gross Scheduled Income
- $402,032
- Cap Rate
- 10
- Total Expenses
- $41,203
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.