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415 Pine St Office 415 Pine St 2,961 SF 100% Leased Office Building Mount Vernon, WA 98273 $795,000 ($268.49/SF) 6.70% Cap Rate



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.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
2,961 SF
Year Built
1976
Price
$795,000
Price Per SF
$268.49
Cap Rate
6.70%
NOI
$53,265
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
1,481 SF
Opportunity Zone
Yes
Zoning
C-1A - City
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Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (70)
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Presented by
Spire One Realty
415 Pine St Office | 415 Pine St
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