1050 State Avenue
Marysville, WA 98270
2.13 acres | #2358494
Description
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.
Property Details
- InteriorConcrete, Wall to Wall Carpet
- Style61 - Comm Bldg Ovr 10K
- Property SubtypeCommercial Industrial
- Exterior MaterialsCement/Concrete
- Sewer InformationSewer Connected
- Date ListedApril 10, 2025
- Structure TypeUnspecified
- Original List Price$3,750,000
- CountySnohomish
- Property ConditionVery Good
- Property TypePurchase
- SubdivisionDowntown
- Taxes Annual$28,368
- MLS #2358494
- Cost3750000
- MLS #2358494
- Utility SourcePublic
- Acres2.13
- Year Built1963
- FoundationSlab
- Days on Market (Cumulative)8
Location
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-04-14 22:06:10. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Debbie Barger Smith (#NWM72512)
Listing Office: Windermere Real Estate JS (#NWM7764)
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