525 E College Way
Mount Vernon WA 98273
Mount Vernon Center
525 E College Way Mount Vernon WA 98273
Listing #: 712396 | Status: Available | Last Modified: 5/4/2026 |
For Sale
- Phone:(206) 946-9425
- Email:kevin.verger@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(208) 362-8600
- Office Website:
- Agent Phone:(206) 600-8500
- Agent Email:Maggie.verger@kidder.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 15,500,000.0
- $/SF$ 157.8
- Listing StatusAvailable
- Days on Market0
- Asset ClassRetail
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 6.75 %
- 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 Buildings1
- # of Floors1
- # of Units
- # of Elevators0
- A/CYes
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF98239
- Net Rentable Area98239
- Total Office SF
- Largest Contiguous SF
- Lot SF356321
- Acres8.18
- Property TypeRetail
- Office Type
- Building Class
- CountySkagit
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaSkagit County
- Tax ID #563f8a4d-7c2f-4253-82ee-5
- Additional Parcels
- ZoningC-2
- # Covered Spaces0
- # Uncovered Spaces100
- Total Parking Spots100
- Parking Ratio0
- Year Built1978
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeFramed
Mount Vernon Center
The Verger Team is pleased to present Mount Vernon Center, a 100,155 SF, 98% occupied neighborhood retail center located in the Puget Sound Region of Washington State. The property is anchored by Grocery Outlet and Ross Dress for Less, two leading value retailers representing 41% of the GLA, with staggered lease expirations that minimize rollover risk. The inline tenant base, spanning the main building and two adjacent strip centers, is anchored by long-tenured local operators, with approximately 34% of tenants having occupied the property for 14+ years. The service-oriented mix of tenants, including a laundromat, nail salon, mail services, and state agency offices, is largely insulated from e-commerce competition, while benefiting from the consistent foot traffic generated by the value a
High traffic/Visibility. Large retail/office center. Excellent parking and access to College Way, Riverside Dr. and I-5. Tenants include 24 hr Fitness, Value Village, China Buffett, DLI and others.












