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525 E College Way , Mount Vernon, WA 98273
$15,550,000
Est. Payment: $76,183.07/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 35
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Pleased to present Mount Vernon Center, a 100,155 SF, 98% occupied neighborhood retail center located in the Puget Sound Region of Washington State. The property is anchored by Grocery Outlet and Ross Dress for Less, two leading value retailers representing 41% of the GLA, with staggered lease expirations that minimize rollover risk. The inline tenant base, spanning the main building and two adjacent strip centers, is anchored by long-tenured local operators, with approximately 34% of tenants having occupied the property for 14+ years. The service-oriented mix of tenants, including a laundromat, nail salon, mail services, and state agency offices, is largely insulated from e-commerce competition, while benefiting from the consistent foot traffic generated by the value anchors. Strategically positioned along East College Way, with 38,695 VPD and direct visibility and access to Interstate 5. The center benefits from placement within a dominant retail corridor alongside national anchors including Safeway, Tractor Supply, and Hobby Lobby. The surrounding trade area reports average household incomes of $113,747 within a five-mile radius and continues to benefit from steady population growth, as Mount Vernon serves as the primary commercial hub for Skagit Valley. At approximately $155 per square foot, offering represents a significant discount to estimated replacement costs, providing investors a stabilized basis that would be difficult to replicate in today’s environment.
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Highlights

Listed by Kevin G. Verger , 360-705-2800 Kidder Mathews , 360-705-2800. Northwest Multiple Listing Service

Property Type

Commercial Sale
Lot/Acreage
8.12

Year Built

1977

County

Skagit

Area

835 - Mount Vernon

 Neighborhood

Mount Vernon

Listing ID

2526824

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Other:See Remarks

Exterior Features

Lot:Zoning: See Remarks
Garage Capacity:0
Zoning:See Remarks
Sewer:Available
Principal Interest
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$76,183
Taxes
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$9,913

Home Price

$15,550,000

Home Price

Loan Details

30 yrs
6.199%

Interest Rate

Loan Type

Down Payment

20%
$3,110,000

Down Payment

Down Payment %

All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$76,183.07

Principal

Taxes

Principal Taxes HOA Total
Monthly $76,183.07 $9,913.13 $0.00 $86,096.19
Yearly $914,196.82 $118,957.50 $0.00 $1,033,154.32
Total $27,425,904.69 $3,568,725.00 $0.00 $30,994,629.69
Lender profile image
Preferred1765470255 Lender1765470255
My Title 1765470255
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Market insight data is pulled from the same city as the listing being viewed (Mount Vernon, WA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Estimated Payment, Market Insight Calculations, School and Neighborhood Information provided by Blueroof360

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Data last updated: 2026-06-24T16:08:48.000Z

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