1325 State Avenue

1321 - 1325 State Ave Marysville WA 98270

Listing #: 523653 | Status: Available | Last Modified: 12/4/2018 |

For Sale

1321 - 1325 State Ave Marysville WA 98270

Agent Information
Showing Instructions
Call Listing AgentYes
Use DiscretionYes

Laura Huntington

(425) 754-4518
lhuntington@workmanres.com

Workman Real Estate Services

(425) 754-4518

Listing Information
Price
Listing Price$ 635,000
$/SF$ 130.93
Listing StatusAvailable
Days On Market2,085
Asset ClassRetail, Office
TermsAll Cash at Closing
Investment Information
Investment TypeProforma
Investment PropYes
Gross Income$ 60,116
Vacancy Factor %11.80%
Operating Expenses$ 8,424
Net Operating Income$ 44,598
CAP Rate7.02 %
Detail Listing Information
Min Total SF4,050
Max Total SF4,850
DividableYes
EasementsYes
Utilities
Sanitary Sewer City
Water City
Electricity County
Storm Sewer City
Gas Lines Private
Property Information
Building Information
Building StatusExisting
# of Buildings2
# of Floors1
# of Units3
Total Building Sq/ft4,850
Net Rentable Area4,850
Total Office Sq/ft800
Largest Continuous Sq/ft2,804
Lot Sq/ft10,890
Acres0.25
Property Type
Property TypeMixed Use
InvestmentYes
Location
CountySnohomish
VicinityMarysville
Market AreaArlington/Marysville/Stanwood
Tax ID #30052100305100
ZoningCommercial
Parking Information
# Uncovered Spaces14
Total Parking Spots14
Construction
Year Built1968
Year Renovated2012
Roof TypeMembrane
Construction TypeConcrete, Framed, Glass

Marysville-Retail/Office-Prime Commercial Location

Public Comments: Buyer has Option to Occupy/Operate or Lease Up this Multi-Tenant Main Street Property located on State Avenue in Marysville. Income Property with Two Buildings and Rents from a Billboard located on the Primary North/South Commercial Corridor in the Heart of the Local Shopping Center District. Great Traffic Count and Great Street Visibility! 14 Shared Parking Spaces Onsite. New 20 Year Roof with improved insulation is Installed on the +/- 4050 SF Building Available for an Owner-User or Tenant. Lock in the Low Market Interest Rates! See the "For Lease" Listing CBA #512839.

Showing Instructions: Please view with discretion. Call Listing Agent to schedule an Appointment.

Public Building Comments: Main Street Retail/Office located in Central Marysville Available For Sale. High Traffic Count, Great Street Presence and Visibility located on the Primary North-South Commercial Corridor in Marysville. Income Property with Option for Owner-User to Occupy 4050 SF Building with Open Design Showroom, Office and Shop or Stock Room with Loading Area. Handicap and Dedicated Parking Onsite.

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