916 Division StMount Vernon, WA 98273

Property Details for 916 Division St

Year built

2016

Lot size

0.14 AC

Property size (Sq ft)

28,000 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

340419-0-298-0006

APU

34041902980006

Description

This exceptional mixed-use property, located at 916 W Division St in Mount Vernon, WA, presents a compelling investment opportunity. Built in 2016, the 28,000 square foot building sits on a 15,767 square foot lot and boasts a modern design. Currently housing a thriving furniture business established in 1947, the property offers significant potential for expansion and diversification. The building's two stories provide ample space for various uses, and its C-2 zoning allows for a wide range of commercial activities, including retail, office space, restaurants, banks, and financial institutions. The property's strategic location in the heart of Skagit Valley ensures high visibility and easy accessibility, making it an ideal investment for both established businesses and new ventures. The building's strong history and prime location combine to create a rare opportunity to acquire a piece of Skagit Valley's commercial landscape. The asking price is $4,480,000. This institutional-grade investment is ready for its next chapter. The property's 28,000 square feet of net rentable space offers flexibility and scalability for future growth. The 98273 zip code provides access to a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $11,102,284

  6.5%

  $10,248,262

  7%

  $9,516,244

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,448,354

  Geo Method

  $13,588,445

• Alternative Use

  Use

  Valuation

  Residential

  $8,644,793

  Hospitality

  $7,918,584

  Educational

  $6,588,168

  Medical

  $6,814,746

  Retail

  $10,248,262

Location Insight

City

Mount Vernon

County

Skagit

State

Washington

Latitude

48.4214

Longitude

-122.347

CBSA code

34580

CBSA name

MOUNT VERNON-ANACORTES, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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