Mount Vernon Homes with 75 - Retail Style

Mount Vernon Homes with 75 - Retail Style

Welcome to Mount Vernon, Washington—a charming city nestled in the heart of Skagit County, where the beauty of the Pacific Northwest meets a vibrant community spirit. Known for its stunning landscapes, Mount Vernon boasts breathtaking views of the Cascade Mountains and the Skagit River, offering residents an idyllic backdrop for everyday life.

This friendly neighborhood is rich in history and culture, with a charming downtown area filled with boutique shops, delightful cafes, and local art galleries. The annual Skagit Valley Tulip Festival draws visitors from far and wide, showcasing the region's stunning floral displays and celebrating its agricultural heritage. Families will appreciate the excellent schools, numerous parks, and recreational opportunities available, making it an ideal place to raise children or enjoy a peaceful retirement.

Mount Vernon is also home to a variety of homes that cater to diverse lifestyles and budgets. From cozy bungalows to spacious family residences, you'll find options that suit your needs. For those interested in retail-style living, the area offers unique homes that blend residential comfort with the convenience of nearby shopping and dining. Imagine stepping out of your front door and being just moments away from a vibrant marketplace, where you can enjoy fresh produce, artisanal goods, and delectable local cuisine.

Whether you're a first-time homebuyer or looking to invest in a rental property, Mount Vernon presents an enticing opportunity. Come explore this delightful neighborhood and discover the perfect place to call home in the heart of the Skagit Valley!

Newest Mount Vernon Homes with 75 - Retail Style

$15,550,000
2526824 MLS ⋅ ACTIVE Status
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.

525 E College Way, Mount Vernon

Listing courtesy of Kidder Mathews.

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