Marysville, WA 98270 1050 State Avenue
$3,750,000
Pending
32 more
Presented By: Windermere Real Estate JS and NWMLS
- MLS# 2358494
- 04/10/2025
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Home Details
This family owned building is on the market, located in central Marysville, and is fully occupied with long term tenants. Current tenants include a gym, pawn and jewelry shop, laundromat, and coffee stand. The building has a sprinkler system, paved parking lot with over 105 parking spaces, and is in a prime location! Just 5 minutes to I-5 for commuting and for ease of access for tenant customers. This is your opportunity to own prime real estate with Downtown Commercial Zoning in fast growing Marysville with a CAP rate of 9.6% and annual rent increases. Sellers will carry a contract: 25% down, 5% interest, 30 year am, 5 year cash out. Ideal for an investor with an eye towards the future.
Presented By: Windermere Real Estate JS and NWMLS
Interior Features for 1050 State Avenue
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringConcrete, Vinyl, Carpet
Heating Y/NYes
Interior AmenitiesConcrete
Power Production TypeElectric, Natural Gas
Total Fireplaces
General for 1050 State Avenue
Building Area UnitsSquare Feet
Building FeaturesDisabled Access, Signage Included, Sprinklered
Cap Rate10
Carport Y/NNo
CityMarysville
CoolingHeat Pump
CountySnohomish
DirectionsTake Exit 199 on I-5, head west, north on State Avenue, Property on East side of Road.
Electric Expense2079
HOANo
HOA Fee$
HeatingForced Air, Heat Pump
Insurance Expense7666
Listing TermsCash Out, Owner Financing
Living Area UnitsSquare Feet
Lot Size Square Feet92783
Lot Size UnitsSquare Feet
MLS Area770 – Northwest Snohomish
ModificationTimestamp2025-06-02T18:24:10.508Z
NWM_ShowMapLinkY
Net Operating Income360829
PossessionClosing, Subject to Tenant Rights
Possible UseCommercial, Office, Retail
Property ConditionVery Good
Property Style61 – Comm Bldg Ovr 10K
Property SubtypeCommercial Industrial
Property TypeCommercial Sale
Public RemarksThis family owned building is on the market, located in central Marysville, and is fully occupied with long term tenants. Current tenants include a gym, pawn and jewelry shop, laundromat, and coffee stand
RoofBuilt-Up, Flat, Torch Down
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending Feasibility
Structure TypeUnspecified
Subdivision NameDowntown
Tax Annual Amount28368
Tax Year2025
TopographyLevel
Total Actual Rent30069
Water CompanyCity of Marysville
Year Built1963
Zoning DescriptionCommercial, Office, Retail
Exterior for 1050 State Avenue
Building Area Total
Exterior AmenitiesCement/Concrete
Foundation DetailsSlab
Irrigation Water Rights Y/NNo
Lot Size Acres2.13
Parking Uncovered Total105
Site Frontage218
Total Parking105
Water SourcePublic
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®