Property Details
1050 State Avenue
Marysville, WA 98270
$3,750,000
Pending Feasibility
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Property Overview
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
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Pending Feasibility
County
Snohomish
Neighborhood
Downtown
Listed
Apr 10, 2025
Parcel Number
30052800216700
Tax & HOA
Annual Property Tax
$28,368 (2025)
Est. Monthly Tax
$2,364/mo
Financial Summary
Cap Rate
10.00%
Net Operating Income
$360,829
Gross Scheduled Income
$402,032
Gross Rent Multiplier
10.40
Total Expenses
$41,203
Total Actual Rent
$30,069/mo
Monthly NNN
$3,434/mo
Building & Use
Building Sq Ft
27,546
Sq Ft Rented
26,676
Zoning
Commercial,Office,Retail
Possible Use
Commercial, Office, Retail
Lot Size
2.13 acres
Year Built
1963
Exterior & Lot
Lot Size
2.13 sqft
Year Built
1963
Exterior Materials
Concrete
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Cement/Concrete
Community & Access
Directions
Take Exit 199 on I-5, head west, north on State Avenue, Property on East side of Road.
Location
City
Marysville
County
Snohomish
Coordinates
48.05886, -122.17599
Additional Information
Tax Year
2025
Annual Taxes
$28,368
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 10:37 AM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
