State Avenue, Marysville, WA 98270
- $1,200,000
Listing courtesy of RE/MAX Northwest. Selling Office: Schuchart Hutchinson.
- Sold Price
- $1,200,000
- List Price
- $1,399,000
- Status
- SOLD
- MLS#
- 2052065
- Closing Date
- Nov 10, 2023
- Days on Market
- 99
- Annual Tax Ammount
- 10100
Property Description
Excellent refresh done on this well sited commercial building in prime location on State Street. Currently being used as a church/daycare, but endless possibilities with large dining/rec room/auditorium, commercial kitchen, coffee stand, smaller classrooms/offices, and plenty of uncovered parking. Separate, top floor 960 sqft apartment is excellent space for additional tenant, or for owner occupancy or work/live situation. Large lot gazebo, and outbuildings. Rents are proforma as this is owner-occupied.
Additional Information
- Community
- Marysville
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1968
- # of Assigned Spaces
- 25
- Roof
- Composition
- Potential Terms
- Cash Out, Conventional
- Interior Features
- Laminate
- Flooring
- Engineered Hardwood, Laminate, Vinyl
- Driving Directions
- From I-5 N/S, Exit 200 to 88th St NE, East on 88th St NE, R on State Ave, Building on L on the South corner of State Ave & 81st Pl NE
- Electric Expenses
- 11000
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $81,000
- Gross Scheduled Income
- $113,100
- Water/Sewer/Garbage Expenses
- $7,000
- Cap Rate
- 5.4
- Total Expenses
- $32,100
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.