1621 Freeway Drive · Mount Vernon, WA 98273
Source: NWMLS · Torre Realty · Elena Pike #NWM2379823
About this home
This exceptionally well-maintained commercial property presents a rare investment opportunity with strong cash flow and a solid rental history. Conveniently located just off I-5, it offers excellent visibility and easy access. The fully occupied office building with stable, long-term tenants, additionally 13 storage units remain consistently rented with a waitlist—underscoring strong demand. Additional upside potential comes from virtual office rentals that include access to a shared conference room. With an impressive 8% cap rate and multiple income streams, this is a turn-key asset in a prime location. Don’t miss out!
Location
Basics
- Property type
- Commercial Industrial
- Style
- Comm Bldg Und 10K
- Year built
- 1984
- Lot size
- 11,671 sq ft (0.27 acres)
- County
- Skagit
- MLS #
- NWM2379823
Interior
- Heating
- Heat Pump
- Cooling
- Heat Pump
- Flooring
- Carpet
Exterior & lot
- Exterior features
- Cement/Concrete
- Roof
- Composition
- Foundation
- Poured Concrete
- Topography
- Level
Utilities
- Water
- Community
- Sewer
- Sewer Connected
- Power
- Electric
Community & fees
- Subdivision
- Mount Vernon
- Property tax
- $9,338 (2024)
Transaction
- Original list price
- $1,299,000 (2.6% price cut)
- Listed on
- Jun 13, 2025
- Days on market
- 463
- Listing terms
- Cash, Conventional, Owner Will Carry
- Possession
- Closing
More homes nearby
Schools
- High
- Mount Vernon High SchoolSchoolDigger 2 stars · Top 68% in WA
Listing provided courtesy of: Torre Realty
Listing agent: Elena Pike.
Based on information submitted to the MLS GRID as of —. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-09-17.