1301 Riverside DrMount Vernon, WA 98273

Property Details for 1301 Riverside Dr

Year built

1977

Lot size

0.78 AC

Property size (Sq ft)

8,620 SF

Property type

Office properties

Property subtype

Office buildings

APN

340418-4-002-0105

APU

34041840020105

Description

This exceptional 1,172 square foot office suite is available for lease within the Guardian Northwest Title Building, a single-story, multi-tenant commercial building located at 1301 Riverside Drive, Mount Vernon, WA 98273. Built in 1977, the building offers a total of 8,620 square feet on a 0.74-acre lot and is zoned C-2. The suite itself boasts a gorgeous layout including five private offices, a spacious reception area, and a versatile workroom, all featuring attractive finishes. Shared amenities include a convenient kitchen, a conference room, and two bathrooms. There are no load factors associated with this lease. The property benefits from ample free parking, with a minimum of six spaces guaranteed for tenants, plus the added advantage of using the building's monument sign for enhanced visibility. The building enjoys a desirable location along Riverside Drive, surrounded by established businesses such as Guardian NW Title & Escrow, First American Exchange, and Trivent Financial, creating a strong professional environment. The total number of parking spaces for the entire building is 20.

• CAP approach

  CAP return

  Valuation

  6%

  $2,325,114

  6.5%

  $2,146,259

  7%

  $1,992,955

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,620,250

  Geo Method

  $1,660,040

• Alternative Use

  Use

  Valuation

  Residential

  $2,661,361

  Hospitality

  $2,437,792

  Educational

  $2,028,215

  Medical

  $2,097,968

  Retail

  $3,155,001

Location Insight

City

Mount Vernon

County

Skagit

State

Washington

Latitude

48.4324

Longitude

-122.336

CBSA code

34580

CBSA name

MOUNT VERNON-ANACORTES, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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