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9501 State Ave $2,950,000

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    9501 State Ave Marysville, WA 98270

    • 1.18 Acres
    • Commercial/Industrial
    Listing# 1521339 | Active
    Days On Market: 28 2 Views
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    Property Details

    Great Investment Opportunity!! This offering provides an investor the opportunity to acquire a multi-tenant 100% occupied retail center. Located in Marysville, Washington approximately 35 miles north of Seattle. End cap suite anchored by long-term tenant Baskin Robbins. High traffic location with exposure to over 20,000 vehicles per day.

    • General Features
      • County Snohomish
      • Approx Building SqFt 15,285
      • Approx Office SqFt 14,013
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Commercial, Retail
      • Style 61-Comm Bldg Ovr 10K
      • Total Covered Parking 0
      • Total Uncovered Parking 60
      • Zoning Jurisdiction County
    • Building Features
      • Foundation Poured Concrete
      • Roof Built-Up, Flat, Metal
      • Floor Covering Ceramic Tile, Vinyl, Wall-to-Wall Carpet
      • Features Signage Included
      • Heating and Cooling Heat Pump
    • Property Features
      • Depth of Lot 0
      • Site Frontage 0
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Sewer Company City of Maryville
      • Energy Source Electric, Natural Gas
      • Power Company PUD
      • Number of Available Pads 0
      • Lot Square Footage 51,401
    • Financials
      • Vacancy Rate 5
      • Total SqFt Rented 14,117
      • Total Monthly Rent $23,311
      • Gross Rent Multiplier 10
      • Cap Rate -NOI div LP 6.82
      • Gross Scheduled Income $283,881
      • Gross Adjusted Income $269,687
      • Total Expenses $66,950
      • NOI $201,325
      • Electrical Expenses $0
      • Tax Expense $22,217
      • Heating Expense $0
      • Insurance Expense $6,551
      • Other Expenses $26,182
      • Tax Year 2019
      • Annual Assoc. Dues $0

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    Neighborhood

    98270 (Marysville) Demographics

    36Median Age
    3,423Population Density (per sq. mile)
    31%College Educated
    $68,562 Estimated Median Income
    11,394Estimated Total Home Owners
    5,830Estimated Total Renters
    66% / 34%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    48,987Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $408,974 Median Sales Price
    106 Homes Sold
    98 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,950,000
        9/19/2019 7:31:00 PM New in Database Source

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        This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.