For Lease
$10-$15 /SF/YR

525 College WayMount Vernon, WA 98273

High-traffic retail space available.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional retail opportunity encompasses a 98,570 square foot, multi-tenant center situated on 8.12 acres in Mount Vernon, WA. The property, built in 1978, features three single-story buildings and offers 401 parking spaces. Currently, 18,800 square feet is available, with the possibility of dividing the space to suit tenant needs. Located at 525 E College Way, this highly visible location boasts excellent access and ample parking, situated along Highway 538 (East College Way), which sees an average daily traffic count of 26,000 vehicles. The property benefits from lighted intersections and is strategically positioned within Mount Vernon's commercial core, near major national retailers including Lowe's, Walmart, Safeway, Petco, Office Depot, JoAnn Fabrics, and Hobby Lobby. Mount Vernon's robust growth, evidenced by a 25% population increase since 2000, significantly enhances the property's investment potential. The property's proximity to Skagit Valley College, serving nearly 5,000 students just one mile away, further strengthens its appeal. The property's APN is P53856, and Skagit County taxes are $14 per square foot.

Highlights

  • $73,000+ average household income within a 3-mile radius.
  • Highly visible location on Highway 538 (East College Way) with over 26,000 vehicles per day.
  • Surrounded by national retailers including Lowe's, Walmart, Safeway, Petco, Office Depot, JoAnn Fabrics, and Hobby Lobby.
  • Located in a rapidly growing area with 47,000+ people within a 3-mile radius.
  • 9,200+ daytime employees within a 1-mile radius.

Property Details for 525 College Way

Property type
Neighborhood centers, Retail properties
RSF (Rentable sq. ft)
98,570 SF
Year Built
1978
Buildings
3
Stories
1

Unit(s) available at that property

Space
Available Space (Will Demise)
Size
20,000 SF
Rate per SF
$10
Space
Available Space 3
Size
2,284 SF
Rate per SF
$15

Location Insight

City
Mount Vernon
County
Skagit
State
Washington
Latitude
48.4369221
Longitude
-122.3326791
525 College Way, Mount Vernon, Washington

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525 College Way
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