1050-1052 State AveMarysville, WA 98270

Property Details for 1050-1052 State Ave

Year built

1963

Lot size

2.13 AC

Property size (Sq ft)

27,546 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Marysville

County

Snohomish

State

Washington

Latitude

48.0589

Longitude

-122.176

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