1050 State Avenue, Marysville, WA 98270
- $4,500,000
Listing courtesy of Windermere Real Estate JS.
- List Price
- $4,500,000
- Status
- ACTIVE
- MLS#
- 1692935
- Price Change
- ▲ $500,000 1690590638
- Days on Market
- 1192
- Annual Tax Ammount
- 18375
Property Description
This family owned building is on the market, located in central Marysville, and has long term tenants. Current Tenants include a gym, pawn and jewelry shop, laundromat, and coffee stand. This building has sprinkler system, paved parking lot with over 105 parking spaces, and is fully occupied. New Roof in 2022. This location is close to I-5 for commuting and for ease of access for tenant customers. The building is well maintained. This is your opportunity to own prime real estate in Downtown Commercial Zoning in fast growing Marysville with a CAP rate of 6% and there are 3% increases annually for every lease.
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Additional Information
- Community
- Central Marysville
- Building Condition
- Very Good
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 1963
- # of Assigned Spaces
- 105
- Roof
- Torch Down
- Tax Year
- 2022
- Potential Terms
- Cash Out, Conventional
- Interior Features
- Heat Pump, Wall to Wall Carpet
- Flooring
- Vinyl, Carpet
- Driving Directions
- Take Exit 199 on I-5, head west, north on State Avenue, Building on East side of Road.
- Electric Expenses
- 2686
- Other Expenses
- 9862
- Energy Source
- Electric, Natural Gas
- Buyer Agency Compensation
- 2%
- Net Operating Income
- $322,912
- Gross Adjusted Income
- $366,069
- Gross Scheduled Income
- $366,069
- Cap Rate
- 7.17
- Total Expenses
- $43,157
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