1333 Riverside Dr

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1333 Riverside Dr

Mount Vernon, WA 98273
Asking Price
$3.00M
Asset Type
Warehouse Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Located at 1333 Riverside Dr in Mount Vernon Washington
  • Retail warehouse facility spanning 19,700 square feet of space
  • Total asking price for the property is 3,000,000 dollars
  • Asset provides significant square footage for flexible commercial utility
  • Positioned within the established and growing Skagit Valley region

What's Special

Mount Vernon serves as a central hub within the Skagit Valley, providing critical connectivity between major urban centers in the Pacific Northwest. This retail warehouse property is positioned at 1333 Riverside Dr, offering 19,700 square feet of versatile space for business operations. The region benefits from consistent regional transit access and a diverse local economy, making it a functional choice for commercial entities seeking a presence in this growth-oriented corridor. Given the open floor plan and warehouse configuration, the site accommodates a wide variety of retail or light industrial applications. Investors and owner-users will find the location well-suited for businesses requiring substantial square footage and high-visibility access in a stable, established market. The layout allows for flexible internal modifications to suit specific business needs, whether for heavy inventory management or customer-facing sales environments. This asset presents a clear path for expansion or consolidation within the Skagit County trade area.

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NOI
$80,000
Cap Rate
2.67%
DSCR
0.45
Underwater
Cash-on-Cash
-10.90%
Monthly Payment
$14,842.363
Annual Cash Flow
$-98,108.358

Location & Travel Times