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Investment Highlights

  • High-traffic location at College Way and Riverside Drive, a major Mount Vernon intersection.
  • Former bank facility with existing drive-thru capability and flexible interior layout.
  • Two-story design with open first-floor plan and multiple private offices for configuration options.
  • C-2 zoning supports a wide range of commercial uses, including retail and office.
  • Located minutes from Interstate 5 and surrounded by retail, dining, and service amenities.

Executive Summary

Prime investment opportunity! This two-story commercial property offers a versatile opportunity in one of Mount Vernon’s most trafficked corridors. Formerly a drive-thru bank, the building delivers flexible functionality for retail or office uses with an open first-floor layout and three private offices spread across both levels.
Prominently positioned at the intersection of College Way and Riverside Drive—one of the busiest crossroads in Skagit County—the property’s C-2 zoning supports a variety of potential commercial applications. Its 0.57-acre parcel provides ample space for parking and possible site enhancements, while visibility and accessibility from major arterial routes ensure strong customer exposure.
Ideal for an owner-user or investor seeking a highly accessible location, the asset is minutes from Interstate 5, regional shopping centers, and Mount Vernon’s downtown hub. Offered at $950,000, this property blends convenience, adaptability, and a high-traffic location in a growing Washington market.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
3,275 SF
Building Class
C
Year Built
1977
Price
$950,000
Price Per SF
$290.08
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.57 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial

Amenities

  • Banking
  • Drive Thru

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 3,190 SF
  • Retail
  • In-Line
  • Now

Former Drive-Thru Bank can be used for Retail or Office. Building has an open layout on the first floor and one private office. Second floor has one private office and storage area. Lot size estimated at 0.57 Acres/24,824 SF. Building is zoned C-2 which includes Restaurants, Office and amny other uses. It's located near the corner of E. College Way and Riverside Dr. One of the busiest intersections in Mt. Vernon.

Space Size Space Use Position Available
1st Floor 3,190 SF Retail In-Line Now

1st Floor

Size
3,190 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size 3,190 SF
Space Use Retail
Position In-Line
Available Now

Former Drive-Thru Bank can be used for Retail or Office. Building has an open layout on the first floor and one private office. Second floor has one private office and storage area. Lot size estimated at 0.57 Acres/24,824 SF. Building is zoned C-2 which includes Restaurants, Office and amny other uses. It's located near the corner of E. College Way and Riverside Dr. One of the busiest intersections in Mt. Vernon.

Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Nearby Major Retailers

Grocery Outlet
U.S. Bank
Bigfoot Java
Starbucks
Safeway
KeyBank
Global Credit Union
Denny's
IHOP
TacoTime

Property Taxes

Property Taxes

Parcel Number
P26291
Land Assessment
$357,500
Improvements Assessment
$246,800
Total Assessment
$604,300
  • Listing ID: 40160333

  • Date on Market: 4/15/2026

  • Last Updated:

  • Address: 1503 Riverside Dr, Mount Vernon, WA 98273

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