See all 36 photos

Listed by Real Estate 2000 Inc.

$1,100,000

Est. payment - /mo

Save Virtual Tour

0.32 Acres Lot

Active

1331 S 2nd ST Mount Vernon, WA 98273

Save Virtual Tour

In-PersonVirtual Tour

Whitney Johnson

whitney@unitedcountrynw.com +1(509) 240-6438

UPDATED:

10/17/2024 03:32 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 Yes

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.

Get More Information

Whitney Johnson

Owner/Broker | License ID: 90947

+1(509) 240-6438

Whitney Johnson

1331 S 2nd ST Mount Vernon, WA 98273

Whitney Johnson

Key Details

Location

Interior

Building

Others

Get More Information

Quick Search