2301 Freeway DrMount Vernon, WA 98273
- Retail properties
- 221,879 SF
Property Details for 2301 Freeway Dr
- Year built
- 2009
- Lot size
- 27.33 AC
- Property size (Sq ft)
- 221,879 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 8085-000-001-0000
- APU
- 80850000010000
Description
This exceptional 1.2-acre retail property presents a unique investment opportunity in the thriving city of Mount Vernon, Washington. Located at 2301 Freeway Dr, this grocery store pad enjoys a highly visible position adjacent to a Walmart, ensuring significant foot traffic and brand recognition. The property's strategic location within Skagit County, WA, 98273, offers easy access to major transportation routes, maximizing exposure to a large customer base. The site's 1.2-acre lot provides ample space for development or expansion of an existing grocery store operation. The property's classification as a retail space, specifically a grocery store, makes it ideal for a variety of food-related businesses seeking a prime location with established consumer traffic. Its proximity to a major retailer like Walmart significantly enhances its potential for success. This is a rare chance to acquire a well-situated retail property in a growing market, offering substantial returns on investment. The property's address is easily accessible and highly visible, making it an attractive location for both customers and employees. The site is ready for immediate development or lease, presenting a compelling opportunity for investors and businesses alike. This location offers a strong foundation for a successful and profitable venture in a dynamic and expanding community. The property's size and location make it an ideal candidate for a variety of grocery store concepts.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $87,977,280
- 6.5%
- $81,209,792
- 7%
- $75,409,096
-
Comparable approach
- Method
- Valuation
- Relative Method
- $169,962,112
- Geo Method
- $107,678,232
-
Alternative Use
- Use
- Valuation
- Residential
- $68,503,496
- Hospitality
- $62,748,836
- Educational
- $52,206,296
- Medical
- $54,001,752
- Retail
- $81,209,792
Location Insight
- City
- Mount Vernon
- County
- Skagit
- State
- Washington
- Latitude
- 48.4414
- Longitude
- -122.346
- CBSA code
- 34580
- CBSA name
- MOUNT VERNON-ANACORTES, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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