About 1050 State Avenue
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.
Features of 1050 State Avenue
| MLS® # | 2358494 |
|---|---|
| Price | $3,750,000 USD |
| Acres | 2.13 |
| Year Built | 1963 |
| Type | Commercial Sale |
| Sub-Type | Commercial Industrial |
| Status | Pending Feasibility |
Community Information
| Address | 1050 State Avenue |
|---|---|
| Area | 770 - Northwest Snohomish |
| Subdivision | Downtown |
| City | Marysville |
| County | Snohomish |
| Province | WA |
| Postal Code | 98270 |
Amenities
| Parking Spaces | 105 |
|---|
Interior
| Interior Features | Concrete |
|---|
Exterior
| Exterior Features | Cement/Concrete |
|---|---|
| Foundation | Slab |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Windermere Real Estate JS |
|---|