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7797 Silver Lake Rd 8,719 SF 100% Leased Retail Building Maple Falls, WA 98266 $2,999,000 ($343.96/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Last full-service stop for locals and visitors heading to the Mount Baker Ski Resort and National Park, making it a vital hub for the area.
- Full liquor license
- Ample parking with a ratio of 5.87 stalls/1,000 sq. ft.
- Currently operating as a Chevron-branded service station w/ laundromat, a large grocery section, including hardware, automotive supplies, and deli.
- High-visibility along Mount Baker Hwy at Silver Lake Rd.
EXECUTIVE SUMMARY
Located in the picturesque town of Maple Falls, WA, this landmark
property offers a unique investment opportunity near Mt. Baker Ski
Resort.
• Over 1.5 acre site with a mix of retail and residential with potential
for income growth
• Main Store Building: 8,719 sq. ft. situated on over 1.5 acres
• Two Cabins: Perfect for residential or short-term rental use
• Additional 1 Acre: Versatile land that can be developed for
multiple purposes, such as additional cabins or a trailer park, to
further enhance income generation.
property offers a unique investment opportunity near Mt. Baker Ski
Resort.
• Over 1.5 acre site with a mix of retail and residential with potential
for income growth
• Main Store Building: 8,719 sq. ft. situated on over 1.5 acres
• Two Cabins: Perfect for residential or short-term rental use
• Additional 1 Acre: Versatile land that can be developed for
multiple purposes, such as additional cabins or a trailer park, to
further enhance income generation.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,719 SF
Building Class
C
Year Built
1996
Price
$2,999,000
Price Per SF
$343.96
Cap Rate
5%
NOI
$149,950
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.50 AC
Zoning
STC - Small Town Commercial
Parking
44 Spaces (5.05 Spaces per 1,000 SF Leased)
Frontage
69’ on Mt Baker Hwy
PROPERTY TAXES
| Parcel Number | 400630-250105-0000 | Improvements Assessment | $1,238,734 |
| Land Assessment | $400,576 | Total Assessment | $1,639,310 |
PROPERTY TAXES
Parcel Number
400630-250105-0000
Land Assessment
$400,576
Improvements Assessment
$1,238,734
Total Assessment
$1,639,310
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7797 Silver Lake Rd
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