715 W Division St $750,000

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    715 W Division St Mount Vernon, WA 98273

    • Commercial/Industrial
    Listing# 1232476 | Pending

    $750,000

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    Days On Market: 400 7 Views
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    Property Details

    21,603 SF building. 12,886 SF Occupied with two tenants - Appliance Connection, a long term tenant, and a church which provide for an NOI of $35,189. Remaining space is vacant office with a proforma NOI of $28,561 for a combined est. NOI after stabilization of $63,750. Great Mt Vernon location close to downtown and I-5. Easy access and abundant parking. Property features alley loading, 1 loading dock, frontage on Division St. warehouse, and office space. Value added opportunity.

    • General Features
      • County Skagit
      • Zoning Class Commercial
      • Zoning Jurisdiction City
      • Style 61-Comm Bldg Ovr 10K
      • Approx Building SqFt 21,603
      • Approx Whse/Mfg SqFt 5,643
      • Approx Office SqFt 15,960
      • Total Uncovered Parking 0
      • Total Covered Parking 0
    • Building Features
      • Foundation Concrete Block, Poured Concrete, Slab
    • Property Features
      • Lot Square Footage 0
      • Depth of Lot 0
      • Site Frontage 0
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Sewer Company City
      • Power Company PSE
      • Number of Available Pads 0
    • Financials
      • Vacancy Rate 5
      • Total SqFt Rented 0
      • Total Monthly Rent $0
      • Gross Rent Multiplier 0
      • Cap Rate -NOI div LP 8.50
      • Gross Scheduled Income $133,829
      • Gross Adjusted Income $127,137
      • Total Expenses $63,387
      • NOI $63,750
      • Electrical Expenses $0
      • Tax Expense $0
      • Heating Expense $0
      • Insurance Expense $0
      • Annual Assoc. Dues $0
      • Other Expenses $0
      • Tax Year 0

    Contact

    Bryant Davis

    Sales Associate

    RE/MAX WHATCOM COUNTY, INC.

    Direct: 360-815-1262

    Neighborhood

    98273 (Mount Vernon) Demographics

    35Median Age
    357Population Density (per sq. mile)
    31%College Educated
    $51,613Estimated Median Income
    6,419Estimated Total Home Owners
    4,172Estimated Total Renters
    61% / 39%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    29,994Total Population

    Market Last 30 Days

    $363,500 Median Sales Price
    18 Homes Sold
    37 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $750,000
        1/10/2018 2:23:00 PM New in Database Source

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        This property search is part of the RE/MAX Pacific Northwest website. Listing information is courtesy of the WA-NWMLS and RE/MAX Pacific Northwest. 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.