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415 Pine St Office 415 Pine St 6,277 SF 100% Leased Office Building Mount Vernon, WA 98273 $795,000 ($126.65/SF) 6.70% Cap Rate



Investment Highlights
- Close to Riverwalk Promenade
- Waterfront
Executive Summary
Downtown Mount Vernon Office | Leased | Covered Parking | Future Redevelopment Well-located office building in the heart of downtown Mount Vernon, offering 2,961 SF of professional office space on a 6,068 SF lot, zoned Central Business (C-1A). Currently occupied by established law Firms, providing in-place income. The property includes approximately 3,096 SF of parking, a rare asset in the downtown core, and enjoys excellent visibility with scenic views of the Skagit River waterfront. The layout is well-suited for continued professional office use. Located within the downtown waterfront influence area, this site benefits from proximity to the Riverwalk Promenade, public parks, dining, and civic amenities. C-1A zoning allows for a wide range of commercial and mixed-use opportunities, aligning with the City’s long-term vision for increased density and river-oriented redevelopment. An attractive opportunity for investors seeking stable income today with future upside potential. Prime investment opportunity!
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
6,277 SF
Building Class
C
Year Built
1976
Price
$795,000
Price Per SF
$126.65
Cap Rate
6.70%
NOI
$53,265
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
1,481 SF
Building FAR
1.04
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
C-1A - City
Parking
15 Spaces (2.39 Spaces per 1,000 SF Leased)
Amenities
- Central Heating
- Natural Light
- Air Conditioning
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | P52176 | Improvements Assessment | $471,200 |
| Land Assessment | $170,800 | Total Assessment | $642,000 |
Property Taxes
Parcel Number
P52176
Land Assessment
$170,800
Improvements Assessment
$471,200
Total Assessment
$642,000
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Presented by
Spire One Realty
415 Pine St Office | 415 Pine St
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