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1331 S 2nd Street Mount Vernon, WA $ 1,100,000
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1331 S 2nd Street
$ 1,100,000
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Share Save

1331 S 2nd Street

Mount Vernon, WA, 98273
$ 1,100,000
Bedrooms-- Baths--

Monthly Estimate*

$ 6,863

Listed by Real Estate 2000 Inc.
1331 S 2nd Street, Mount Vernon, WA 98273 - Image 1
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Commercial Property for sale in Mount Vernon, WA

for $1,100,000. This building was built in 1939 on a lot size of 0.3161.

Rare 18% Cap Rate – High-Yield Mixed-Use Property In Downtown Mount Vernon. This Is A Prime Opportunity To Own A Fully Leased, Multi-Use Investment With Three Diverse Income Streams In One Well-Maintained Building. Raise The Net Income By Running The Store Yourself! Lots Of Potential! Situated On A 13,769 Sq.Ft. Lot, This 2,612 Sq.Ft. Property Includes A Convenience Store, A Leased Mexican Restaurant ($2,200/Month), And A Rental Apartment ($1,000/Month). Upgrades Feature A Commercial-Grade Kitchen And Sanitation Room. Exceptional Visibility With Over 10,000 Vehicles Passing Daily, Plus Strong Signage Presence. Located In Mount Vernon’s Vibrant Downtown Corridor, This Asset Offers Stability, Cash Flow, And Long-Term Growth Potential.

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Commercial Active

Price

$ 1,100,000

Property Type

Commercial

Taxes

$ 0

Style

Comm Bldg Und 10K

Lot Size

0.3161

Year Built

1939

Town/City

Mount Vernon

County/Region

Skagit

MLS | Web ID

2151553
Features
General
Living Area 0
Sewer Sewer Connected
Possession Closing
HOA Fee 0
Year Built 1939
Property Subtype Commercial Industrial
County Skagit
Net Operating Income 201391
Property Type Commercial Sale
HOA N
Subdivision Name Downtown
Possible Use Commercial
Special Listing Conditions None
Status Active
Directions Head north on I-5 N Take exit 226 for Kincaid St/WA-536 W Turn left onto WA-536 W/Broad St/E Kincaid st Turn left onto S 2nd St Turn right onto W Hazel St
City Mount Vernon
Senior Community Y/N N
Zoning Description Commercial
Number Of Units Total 0
MLS Area 835 - Mount Vernon
Lot Size Units Square Feet
Lot Size Square Feet 13769
Carport Y/N N
Listing Terms Cash Out Conventional
Public Remarks Rare 18% Cap Rate High-Yield Mixed-Use Property In Downtown Mount Vernon. This Is A Prime Opportunity To Own A Fully Leased Multi-Use Investment With Three Diverse Income Streams In One Well-Mainta
Virtual Tour https://www.tourfactory.com/idxr2959966
Structure Type Unspecified
Building Area Units Square Feet
Standard Status Active
Property Style 60 - Comm Bldg Und 10K
Cap Rate 18.31
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Interior
Total Fireplaces 0
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Water Source Public
Total Parking 0
Building Area Total 0
Lot Size Acres 0.3161
Irrigation Water Rights Y/N N
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Internal Only
OriginalMLSID NWM2151553
Street Number 1 1331
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* Excluded Features
List By
David M. Hilbert

Listing Agent

Real Estate 2000 Inc.

Broker

Affordability Calculator

$6,863
Per Month
100%
0%
0%
Monthly Principal & Interest
$6,863
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/4/2024$1,100,000 -8.33% Price Down
8/16/2023$1,200,000 Listed Price

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1331 S 2nd Street, Mount Vernon, WA, 98273 is a Commercial Property for sale at $1,100,000 with a lot size of 0.3161. 1331 S 2nd Street was built in 1939. The property's zip code is 98273 which is in Mount Vernon, WA

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