$4,500,000
Hereth Building
Listing Type: For Sale
Property Type: Retail, Specialty
Status: Available
CBA ID#: 633532
1050 - 1052 State Ave
Marysville, WA 98270

View Map
Commercial Property

Marketing Description:

This family owned building is on the market, located in central Marysville, and has long term tenants. Current Tenants include a gym, pawn and jewelry shop, laundromat, and coffee stand. This building has sprinkler system, paved parking lot with over 105 parking spaces, and is fully occupied. New Roof in 2022. This location is close to I-5 for commuting and for ease of access for tenant customers. The building is well maintained. This is your opportunity to own prime real estate in Downtown Commercial Zoning in fast growing Marysville with a CAP rate of 6% and built in 3% increases annually. Tax iD #: 30052800216700

Land Features:

  • Lot Size: 92783 SqFt
  • Lot Acreage: 2.13 Acres
  • Zoning: DC
  • Total Parking: 60
  • Uncovered Parking: 60

Building Features:

  • Building Size: 27546 SqFt
  • Available Space: 27546 SqFt
  • Number of Floors: 2
  • Cap Rate: 7.28%
  • Construction: Concrete, Masonry
  • Year Built: 1963
This Listing Supplied Courtesy of Windermere R.E./J.S.
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
Equal Housing Opportunity