1615 Buck Way, Mount Vernon, WA 98273
1615 Buck Way, Mount Vernon, WA 98273,Video Tour
1615 Buck Way, Mount Vernon, WA 98273
23
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Listed by:NextHome Preview Properties • Melissa Pilcher
$1,250,000
Est. payment /mo
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0.52 Acres Lot
Pending

1615 Buck Way Mount Vernon, WA 98273

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Adrian Chu

Adrian Chu

+1(206) 407-5452

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Pending

Purchase Type For Sale

Subdivision Mount Vernon

MLS Listing ID 2555069

Style 60 - Comm Bldg Und 10K

HOA Fees $250/ann

Year Built 1985

Annual Tax Amount $12,840

Lot Size 0.520 Acres

Property Sub-Type Commercial Industrial

Property Description

New Price! Located on College Way with easy access to an open parking lot. This well-maintained investment property offers stable cash flow with established, long-term tenants with lease terms extended, providing investors with dependable income and reduced leasing risk. The building has been used as a Real Estate office and Mortgage company since 1999. At a 7.5% capitalization rate, this property is ideal for investors seeking a passive commercial real estate investment or 1031 exchange replacement property. The property's strong occupancy history and reliable tenancy create an excellent opportunity for both experienced and first-time commercial investors. Situated on College Way the property has great exposure with approximately 20,000 vehicles driving by daily. Its strategic location enhances tenant retention while providing excellent accessibility for employees and clients alike. Whether you're looking to expand your portfolio with an income-producing office building, secure a commercial investment property in Mount Vernon, or complete a 1031 exchange, this offers the stability, cash flow, and long-term value investors seek. Offices are beautifully updated and parking lot was recently repaved and striped.

Location

State WA

County Skagit

Area 835 - Mount Vernon

Interior

Flooring Laminate, Stone, Carpet

Fireplace false

Exterior

Exterior Feature Stucco

Roof Type Torch Down

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

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Northwest MLS (NWMLS)
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Adrian Chu

Adrian Chu

Founder & CEO

+1(206) 407-5452

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1615 Buck Way