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Open Mon, Jun 8 +7
Open Mon, Jun 8 +7$15,550,000
Est. $78,466/mo525 E College Way, Mount Vernon, WA 98273
• Listed 2026-05-20•18 days on market
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Based on information submitted to the MLS GRID as of May 20, 2026 at 01:23pm (date and time MLS GRID Data was obtained). 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.
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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.
Listed by Kevin G. Verger • Kidder Mathews
Listing updated: May 20, 2026 at 01:23pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2526824
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (2)
See more →Open Mon, Jun 8 +7Open Mon, Jun 8 +7$300,000
-$15,250,000 under list price
Nearby comparable homes
RexMont uses 3 strongest recent nearby sales, priced between $295K and $430K.2 outlier sales were excluded from this snapshot.
Rental earnings
$900/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$299,900Last sold price
901 W Hazel Street, Mount Vernon, WA 98273
$430,000Last sold price
17703 W Big Lake Blvd, Mount Vernon, WA 98274
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
525 E College Way, Mount Vernon, WA 98273
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
$94,017 per month
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Mount Vernon is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: Sale-vs-list ratio data not available for this area.
Time on market: The average home goes pending in around 11 days.
$460,000 Sold
8 weeks ago
3 bd•1 ba•~1,806 sq ft•Single Family
2027 E Belair Drive, Mount Vernon, WA 98273
0%
Over list
—
Days on market
1.0 mi
Distance
$400,000 Sold
4 months ago
•Single Family
1201 S Fir Street, Mount Vernon, WA 98273
11%
Under list
—
Days on market
0.6 mi
Distance
$570,000 Sold
4 months ago
2 bd•1.5 ba•~1,112 sq ft•Single Family
720 N 17th Street, Mount Vernon, WA 98273
1%
Under list
—
Days on market
0.9 mi
Distance
$376,055 Sold
6 months ago
3 bd•1 ba•~1,272 sq ft•Single Family
1119 N Viewmont Drive, Mount Vernon, WA 98273
1%
Under list
—
Days on market
0.8 mi
Distance
$460,000 Sold
6 months ago
3 bd•1 ba•~1,539 sq ft•Single Family
718 N 1st Street, Mount Vernon, WA 98273
2%
Over list
—
Days on market
0.7 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.