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Hereth Building

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Hereth Building

1050 1052 State Ave, Marysville, WA 98270
Retail,Office For Sale Pending Cap Rate 9.62% Built 1963 2 floors Zoning: DC
Asking Price
$3,750,000
Total Building27,546 SF
Available26,676 SF avail
Land92,783 SF land
Parking Total60
& Uncov.
ConstructionConcrete,Masonry
MarketArlington/Marysville/Stanwood
CountySnohomish

Read Overview
Contact the Muljat Team about this listing.

Overview

Property ID
244388
Listing ID
695586
Type
Retail
Asset Class
Retail,Office
Zoning
DC

Description

This family owned building, in Marysville on State Avenue, is fully occupied with long term tenants. Current tenants include a gym, pawn and jewelry shop, laundromat and coffee stand. The building has a sprinkler system, paved parking lot with over 105 parking spaces and is in a PRIME Location. Just 5 minutes to I-5 for commuting and for ease of access for tenants' customers. This is your opportunity to own prime real estate with Downtown Commercial Zoning in fast growing Marysville with a CAP rate of 9.6% and annual rent increases built in. Seller will carry a contract: 25% down, 30 year amortization, 5 year cash out and 5% interest. Ideal for an investor with an eye for the future.

Listing Courtesy of:

DB
Debra Barger Smith
Windermere R.E./J.S.
801 State Ave,
Marysville, WA 98270-4536
State: WA City: Marysville ZIP: 98270 Type: For Sale

Commercial Listings
Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.