Property Details

1050 State Ave

Marysville, WA 98270

$3,750,000

Pending

CBA# 695586 courtesy of CBA Listing firm: Windermere R.E./J.S.

Schedule a Showing

Select your date preference

Request More Info

I’d like more information about 1050 State Ave, Marysville, MLS# 695586

Office / Retail

Property Type

27,546

Bldg Sq Ft

Units

9.00%

Cap Rate

1963

Year Built

Property Overview

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.