Listing provided courtesy of Windermere Real Estate JSNWMLSas Distributed by MLSGrid- MLS# NWM2358494
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Request Info1050 State AvenueMarysville, WA 98270
Commercial · 2.13 Acres$3,750,000
Pending Feasibility
1050 State Avenue Overview
- Visits:
- 18
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.
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1050 State Avenue Facts & Features
- Type Commercial
- Lot 2.13 Acres
Details
General
Association/HOA
- Association Fee: $0.00
Income/Expenses
- Other Expense: 3090
- Electric Expense: 2079
- Gross Scheduled Income: 402032
- Insurance Expense: 7666
- Net Operating Income: 360829
- Total Expenses: 41203
Building Information
- Year Built: 1963
Location/Region
- Country: US
- County Or Parish: Snohomish
- MLS Area Major: 770 - Northwest Snohomish
- Subdivision Name: Downtown
Tax Information
- Tax Annual Amount: $28,368.00
- Tax Year: 2025
General Information
- Listing Terms: Cash Out, Owner Financing
- Parcel Number: 30052800216700
- Possible Use: Commercial,Office,Retail
- Property Condition: Very Good
- Property Sub Type: Commercial Industrial
- Property Type: Commercial Sale
- Senior Community: No
- Special Listing Conditions: None
Interior
Beds/Baths
- Bedrooms Possible: 0
- Bedrooms Upper: 0
Building Interior
- Approximate Building Square Feet: 27546
- Building Area Total: 0
- Building Area Units: Square Feet
- Calculated Square Footage: 0
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: Yes
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Concrete, Vinyl, Carpet
- Foundation Details: Slab
- Heating: Yes
- Interior Features: Concrete
- Living Area: 0
- Living Area Units: Square Feet
- Main Level Bathrooms: 0
- Power Production Type: Electric,Natural Gas
Exterior
Parking Information
- Open Parking: No
- Parking Total: 105
- Parking Uncovered Total: 105
Lot Information
- Irrigation Water Rights: No
- Lot Size Acres: 2.13
- Lot Size Square Feet: 92783
- Lot Size Units: Square Feet
- Site Frontage: 218
- Topography: Level
- Elevation Units: Feet
- Water Source: Public
Building Exterior/Construction
- Roof: Built-Up, Flat, Torch Down
- Structure Type: Unspecified
General Information
- Carport: No
- Exterior Features: Cement/Concrete
- Sewer: Sewer Connected
Unit Information
Unit 1 Details
- Unit Type: Coffee Stand
- Actual Rent: 1368
Unit 2 Details
- Unit Type: Gym & Related
- Actual Rent: 14700
Unit 4 Details
- Unit Type: Laundry
- Actual Rent: 6111
Unit 3 Details
- Unit Type: Pawn/Jewelry
- Actual Rent: 8290
1050 State Avenue Neighborhood
Community
98270 (Marysville) Demographics
38
Median Age
3,612
Population Density (per sq. mile)
33%
College Educated
$84,957
Estimated Median Income
13,114
Estimated Total Home Owners
5,689
Estimated Total Renters
70% / 30%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1050 State Avenue Monthly Cost
1050 State Avenue Market Data
Based on the last 30 days in this zip code
$657,149
Average List Price
$329
Average Price per Square Foot
62
Properties Sold
71
Average Days on Market
293
Properties for Sale