Seller Financing - Lease to Own
Listing Provided Courtesy Of:
Dave Nelson Real Estate and NWMLS
720 W Division Street Mount Vernon, WA
$ 699,000
Property Attributes
  • ID#1865671
  • TypeCommercial
  • CountySKAGIT
  • CityMount Vernon
  • AreaMount Vernon
  • NeighborhoodMount Vernon
  • Zip98273
  • StyleComm Bldg Und 10K
  • Price$ 699,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7,200 SqFt
Listing Provided Courtesy Of:
Dave Nelson Real Estate and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description

Single Story Mid Century Brick Commercial Building with plenty of street parking on busy W Division St. Long time Tenant of 17 years. Building has 3 meters for 3 different tenants. Recently updated HVAC. Newer torchdown roof with 9 years left on the warranty. Current owner will sign 5 year lease of the 3rd unit. 2018 Traffic studies show 18,000 vehicles on W Division St per day. This building is an excellent investment at a 9% cap rate. Tenants pay all taxes, insurance, maintenance, and utilities.

Price History
11/17/2021 Listed $699,000

General Features

Building Area Units Square Feet
Carport Y/N No
City Mount Vernon
County Skagit
Directions From I-5 take exit 226 onto Highway 536, west across the Skagit River. Property will be on the left on the corner of Barker & W Division (also known as 536).
Exterior Features Brick
Flooring Concrete
Interior Features Forced Air, Concrete
Lot Size Square Feet 7200
MLS Area 835 - Mount Vernon
Net Operating Income 5500
Possession Closing
Possible Use Commercial, Retail
Property Style 60 - Comm Bldg Und 10K
Property SubType Commercial Industrial
Property Type Commercial Sale
PropertyCondition Good
Roof Built-Up
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name Division
Structure Type Unspecified
Subdivision Name Mount Vernon
Tax Year 2021
Terms Cash Out, Conventional, Lease Purchase, Owner Financing
Total Actual Rent 5500
Total Units 3
Utilities Sewer Connected, Electricity Available, Natural Gas Connected
Water Company City of Mount Vernon
Year Built 1963
Zoning Class Commercial, Retail

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Living Area Units Square Feet
Power Production Type Electric, Natural Gas
Street Suffix Street

Exterior Features

Foundation Details Slab
Irrigation Water Rights Y/N No
Lot Dimensions 120 x 60
Lot Size Acres 0.1653
Lot Size Units Square Feet
Open Parking Y/N No
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 98273

AVG $630K
AVG 69
Year Built
AVG 1945
AVG 60
Data Provided by Walkscore ® not using MLS data

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