Property Details

1615 Buck Way
Mount Vernon, WA 98273
$1,350,000
MLS# 2555069 courtesy of NWMLS Listing firm: NextHome Preview Properties

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1615 Buck Way , Mount Vernon, WA 98273, Mount Vernon

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1615 Buck Way , Mount Vernon, WA 98273, Mount Vernon

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Office / Retail
Property Type
5,000
Bldg Sq Ft
2
Units
7.00%
Cap Rate
1985
Year Built

Property Overview

Exceptional opportunity to acquire a fully leased commercial office building in the heart of Mount Vernon, Washington. This well-maintained investment property offers stable cash flow with established, long-term tenants and lease terms extending through 2029 and 2031, providing investors with dependable income and reduced leasing risk. The building has been used as a Real Estate office and Mortgage company since 1999. At a 7% capitalization rate, this property is ideal for investors seeking a passive commercial real estate investment, 1031 exchange replacement property, or a quality addition to an existing investment portfolio. The property’s strong occupancy history and reliable tenancy create an excellent opportunity for both experienced and first-time commercial investors. Situated on College way the property has great exposure with approximately 20,000 vehicles driving by daily. It has convenient access to Interstate 5, downtown Mount Vernon, healthcare facilities, professional services, restaurants, and regional employers. Its strategic location enhances tenant retention while providing excellent accessibility for employees and clients alike. Whether you’re looking to expand your portfolio with an income-producing office building, secure a commercial investment property in Mount Vernon, or complete a 1031 exchange, this offers the stability, cash flow, and long-term value investors seek. Parking lot recently paved

Property Details

Property Information

Property Type Commercial Sale
Subtype Commercial Industrial
Status Active
County Skagit
Neighborhood Mount Vernon
Listed Jul 15, 2026
Parcel Number P137249

Tax & HOA

Annual Property Tax $12,840 (2026)
Est. Monthly Tax $1,070/mo
HOA Fee $250/annually

Financial Summary

Cap Rate 7.00%
Net Operating Income $95,520
Gross Scheduled Income $115,800
Gross Rent Multiplier 11.65
Total Expenses $20,280

Building & Use

Building Sq Ft 5,000
Total Units 2
Zoning Business,Office
Possible Use Business, Office
Lot Size 22,651 sqft
Year Built 1985

Exterior & Lot

Lot Size 0.52 sqft
Year Built 1985
Exterior Materials Stucco
Sewer Sewer Connected
Water Source Public
Exterior Features Stucco

Community & Access

Directions GPS Friendly. Head East on College way, Right on Buck Way. Located on the Right.

Location

City Mount Vernon
County Skagit
Coordinates 48.43541, -122.32332

Additional Information

Tax Year 2026
Annual Taxes $12,840
Possession Array
Listed By
Melissa Pilcher
NextHome Preview Properties

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