1331 2nd Street, Mount Vernon, WA 98273
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- MLS#: NWM2151553 ( Commercial Sale )
- Street Address: 1331 2nd Street
- Viewed: 1
- Price: $1,100,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1939
- Bldg sqft: 0
- Additional Information
- Geolocation: 48.4121 / -122.338
- County: SKAGIT
- City: Mount Vernon
- Zipcode: 98273
- Subdivision: Downtown
- Provided by: Real Estate 2000 Inc.
- Contact: David M. Hilbert
- 425-670-2000
- DMCA Notice
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DescriptionFantastic 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!
Property Location and Similar Properties
Features
Home Owners Association Fee
- 0.00
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Country
- US
Covered Spaces
- 0.00
Garage Spaces
- 0.00
Insurance Expense
- 0.00
Living Area
- 0.00
Area Major
- 835 - Mount Vernon
Net Operating Income
- 185278.00
Open Parking Spaces
- 0.00
Other Expense
- 199121.00
Parcel Number
- P52802
Possession
- Closing
Possible Use
- Commercial
Property Type
- Commercial Sale
Sewer
- Sewer Connected
Virtual Tour Url
- https://www.tourfactory.com/idxr2959966
Water Source
- Public
Year Built
- 1939