For Sale
$3,750,000

1050-1052 State AveMarysville, WA 98270

Prime Marysville retail, high occupancy, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
112
This exceptional two-story, 27,546 square foot retail building, located at 1050-1052 State Ave in Marysville, WA 98270, presents a compelling investment opportunity. Built in 1963 and boasting a desirable DC zoning classification, this Class B property sits on a 2.13-acre lot (APN: 30052800216700) and offers over 105 paved parking spaces. Currently fully occupied by a diverse mix of long-term tenants including a gym, pawn and jewelry shop, laundromat, and coffee stand, this property generates a strong cash flow with a 7.17% CAP rate and built-in 3% annual rent increases. The building features a sprinkler system and underwent a complete roof replacement in 2022. Its central Marysville location provides convenient access to I-5, benefiting both tenants and customers. The asking price is $3,750,000 ($136.14/sq ft). This well-maintained property represents a rare chance to acquire prime downtown commercial real estate in a rapidly growing market. Don't miss this chance to own a piece of thriving Marysville.

Highlights

  • Exceptional two-story, 27,546 SF retail building in Marysville, WA.
  • Desirable DC zoning, 2.13-acre lot (APN: 30052800216700), 105+ paved parking spaces.
  • Fully occupied with diverse long-term tenants, generating strong cash flow and a 7.17% CAP rate with 3% annual rent increases.
  • Complete roof replacement in 2022, sprinkler system, central Marysville location with I-5 access.
  • Asking price: $3,750,000 ($136.14/SF).

Property Details for 1050-1052 State Ave

Property type
Retail properties
Square Feet
27,546 SF
Class
B
Year Built
1963
Stories
2
Lot Size (sq. ft)
92,783 SF

Location Insight

City
Marysville
County
Snohomish
State
Washington
Latitude
48.0588515
Longitude
-122.1756115
1050-1052 State Ave, Marysville, Washington

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1050-1052 State Ave
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