2222 Riverside Dr

    Mount Vernon, WA 98273
    • $1,950,000
    • STATUS: Pending Feasibility
    • ON SITE: 124 days
    • ID#: 1258758
    Under Contract
    $1,950,000
    • 0
      BEDS
    • 1.56
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1987
    County:
    Area:

    School Ratings & Info

    Listing Courtesy of Keller Williams Western Realty.

    Description

    Pacific Plaza Strip Mall For Sale. Great location on Riverside Drive just South of Skagit River Bridge. Across from new Harbor Freight Tools. 21,000 SF of leasable space. Currently nets a 7.5 % CAP. Approx 20% vacancy at present so plenty of upside opportunity. Two restaurants, businesses, retail stores, coffee stand for a total of 19 leasable spaces. Ample parking available. Need a 1031 exchange property?

    Monthly Payment Calculator

    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Real Estate Solutions Group - NWRE LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-08-16T00:18:49.05.

    www.resg.com/homes/82599700

    2222 Riverside Dr Mount Vernon, WA 98273

    • Price: $1,950,000
    • Status: Pending Feasibility
    • ID#: 1258758
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.56
    Acres
    1987
    Built
    Neighborhood:
    Mount Vernon
    County:
    Skagit
    Area:
    Mount Vernon
    Property Description
    Pacific Plaza Strip Mall For Sale. Great location on Riverside Drive just South of Skagit River Bridge. Across from new Harbor Freight Tools. 21,000 SF of leasable space. Currently nets a 7.5 % CAP. Approx 20% vacancy at present so plenty of upside opportunity. Two restaurants, businesses, retail stores, coffee stand for a total of 19 leasable spaces. Ample parking available. Need a 1031 exchange property?
    Exterior Features

    Lot Depth 0 Lot Dimensions 160 X 440 Lot Topography And Vegetation Level Roof Flat Site Frontage 0 Style 61 - Comm Bldg Ovr 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 92 Waterfront Footage 0

    Interior Features

    Building Sq Ft 21200 Office Sq Ft 20000 Total Sq Ft Rented 0

    Property Features

    Assessed Value Improvements 913000 Assessed Value Land 643500 Assessed Value Total 1556500 Assessed Value Year 2017 Available Pads 0 Bank Owned No Boundary Survey 7.50 Electrical Expenses 8500 EPSEnergy 0 Form17 Provided General Zoning Classification CommercialOfficeRetail Gross Adjusted Income 238800 Gross Rent Multiplier 7 Gross Scheduled Income 298500 Heating Expenses 4300 Hers Index 0 Home Owner Dues 0 Insurance Expenses 9020 Net Operating Income 146300 Other Expenses 21120 Possession Sub. Tenant's Rights Power Company Pse Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Sewer Company City Of Mount Vernon Tax Amount 25830 Tax Year 2017 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 92500 Total Expenses TEX 92500 Total Monthly Rent 0 Vacancy Rate 20 Water Company Pud Water Sewer Garbage 23730 Water Source Public Zoning Jurisdiction City

    Listing information © 2018 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Real Estate Solutions Group - NWRE LLC and should be verified by the buyer.
    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Real Estate Solutions Group - NWRE LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2018-08-16T00:18:49.05.

     
    Real Estate Solutions Group - NWRE LLC
    1027 State Ave, Suite 102
    Marysville WA, 98270
    Listing Courtesy of Keller Williams Western Realty.