1621 Freeway Drive, Mount Vernon, WA 98273
- $1,265,000
Listing courtesy of Torre Realty.
- List Price
- $1,265,000
- Status
- ACTIVE
- MLS#
- 2379823
- Price Change
- ▼ $5,000 1782016809
- Days on Market
- 413
- Annual Tax Ammount
- 9338
Property Description
This exceptionally well-maintained commercial property presents a rare investment opportunity with strong cash flow and a solid rental history. Conveniently located just off I-5, it offers excellent visibility and easy access. The fully occupied office building with stable, long-term tenants, additionally 13 storage units remain consistently rented with a waitlist—underscoring strong demand. Additional upside potential comes from virtual office rentals that include access to a shared conference room. With an impressive 8% cap rate and multiple income streams, this is a turn-key asset in a prime location. Don’t miss out!
/u.realgeeks.media/whatcomcountyhomes/logo03252024.png){kind=logo}
Additional Information
- Community
- Mount Vernon
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1984
- Roof
- Composition
- Tax Year
- 2024
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Flooring
- Carpet
- Driving Directions
- From I-5 West on College to property
- Other Expenses
- 29370
- Energy Source
- Electric
- Net Operating Income
- $74,441
- Gross Scheduled Income
- $121,560
- Water/Sewer/Garbage Expenses
- $7,168
- Cap Rate
- 6
- Total Expenses
- $47,119
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.