1050 - 1052 State Ave
Marysville WA 98270
Hereth Building
1050 - 1052 State Ave Marysville WA 98270
Listing #: 695586 | Status: Pending | Last Modified: 3/5/2026 |
For Sale
- Phone:(425) 356-9177
- Email:debbiebargersmith@windermere.com
- Office Name:Windermere R.E./J.S.
- Office Phone:(360) 653-2509
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,750,000.0
- $/SF$ 136.1
- Listing StatusPending
- Days on Market372
- Asset ClassRetail, Office
- Terms
- Investment Type
- Investment PropYes
- Gross Income402,032
- Vacancy Factor %0.00%
- Operating Expenses41,203
- Net Operating Income360,829
- CAP Rate 9.62 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings2
- # of Floors2
- # of Units4
- # of Elevators0
- A/CYes
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF27546
- Net Rentable Area26532
- Total Office SF
- Largest Contiguous SF
- Lot SF92783
- Acres2.13
- Property TypeRetail
- Office Type
- InvestmentYes
- Building ClassB
- CountySnohomish
- VicinityDowntown
- Location Description
- Second Address
- Cross Street
- Market AreaArlington/Marysville/Stanwood
- Tax ID #30052800216700
- Additional Parcels
- ZoningDC
- # Covered Spaces0
- # Uncovered Spaces60
- Total Parking Spots60
- Parking Ratio
- Year Built1963
- Year Renovated
- Completion Date
- Roof Type
- SprinklersYes
- Construction TypeConcrete, Masonry
Hereth State Building
This family owned building, in Marysville on State Avenue, 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 tenants' 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 built in. Seller will carry a contract: 25% down, 30 year amortization, 5 year cash out and 5% interest. Ideal for an investor with an eye for the future.
Strip Mall
