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    1331 2nd Street, Mount Vernon, WA 98273
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    1331 2nd Street
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    • MLS#: NWM2151553 ( Commercial Sale )
    • Street Address: 1331 2nd Street
    • Viewed: 2
    • 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
    • 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!
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    Property Location and Similar Properties
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    Similar
    Features
    Home Owners Association Fee
    1. 0.00
    Carport Spaces
    1. 0.00
    Close Date
    1. 0000-00-00
    Country
    1. US
    Covered Spaces
    1. 0.00
    Garage Spaces
    1. 0.00
    Insurance Expense
    1. 0.00
    Living Area
    1. 0.00
    Area Major
    1. 835 - Mount Vernon
    Net Operating Income
    1. 185278.00
    Open Parking Spaces
    1. 0.00
    Other Expense
    1. 199121.00
    Parcel Number
    1. P52802
    Possession
    1. Closing
    Possible Use
    1. Commercial
    Property Type
    1. Commercial Sale
    Sewer
    1. Sewer Connected
    Virtual Tour Url
    1. https://www.tourfactory.com/idxr2959966
    Water Source
    1. Public
    Year Built
    1. 1939
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