1331 S 2nd ST, Mount Vernon, WA 98273 - MLS#2151553

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sun

Dec

Mon

Dec

Tue

Dec

ONE Real Estate

broker@1realty.com +1(360) 201-0908

Listed by Real Estate 2000 Inc.

$ 1,100,000

Est. payment -/mo

Save Virtual Tour

Active

1331 S 2nd ST Mount Vernon, WA 98273

0.32 Acres Lot

UPDATED:

11/14/2024 04:23 AM

Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Downtown

MLS Listing ID 2151553

Style 60 - Comm Bldg Und 10K

Year Built 1939

Lot Size 0.316 Acres

Property Description

Fantastic chance to acquire a trio of commercial investments, all housed within a single building. 13,769 Square Foot commercial space. In downtown Mount Vernon, it features a convenience store, an enticing Indian restaurant which leases for $2,000 a month, and a profitable rental apartment which leases for $1,000 a month. Both leases are additional income to the P&L $185K Gross Income giving it a 20.12% Cap Rate! Upgrades include a commercial-grade kitchen and sanitation area. The property boasts high visibility and prominent signage, capturing daily traffic of nearly 10,000 vehicles. Set for substantial growth. 2022 Gross $679,672.78, Net of $185,278.72 and 17% cap rate!

Location

State WA

County Skagit

Area 835 - Mount Vernon

Interior

Fireplace false

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

ONE Real Estate

Broker

+1(360) 201-0908

Get More Information

Quick Search

There are 16 quick searches