Bought with COMPASS
$1,400,000
$1,400,000
For more information regarding the value of a property, please contact us for a free consultation.
7313 44th AVE NE Marysville, WA 98270
1.56 Acres Lot
Key Details
Sold Price $1,400,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown
MLS Listing ID 2007404
Sold Date 12/22/22
Style 61 - Comm Bldg Ovr 10K
Year Built 1959
Lot Size 1.560 Acres
Property Description
Incredible upside potential! CURRENT TENANT PAYS BELOW MARKET RENT! Extra front flat commercial lot 8500 sqft for additional profit center which is not a part of lease! Long Seasoned tenant & lease expires Dec 2024, should be able to extend if new owner desires or use the property for different purpose for higher income, such as self storage including boat/RV storage? Building is in good condition, has parking spaces about 45-50 spaces! Current general commercial zoning allows many different commercial uses! Current tenant pays $7500 a month plus triple NNN, price at $1.4Mil, at 6.4% cap rate. Please don't miss an opportunity for this incredible property with so much upside!
Location
State WA
County Snohomish
Area 770 - Northwest Snohomish
Interior
Fireplace No
Exterior
Exterior Feature Brick
Utilities Available Sewer Connected
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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Jonathan Pearlstein
Global Real Estate Advisor / Designated Broker | License ID: 17157