1331 S 2nd Street
Mount Vernon, WA 98273
0.32 acres | #2151553
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!
Property Details
- Style60 - Comm Bldg Und 10K
- Property SubtypeCommercial Industrial
- Sewer InformationSewer Connected
- Date ListedAugust 15, 2023
- Structure TypeUnspecified
- Original List Price$1,200,000
- Property TypePurchase
- SubdivisionDowntown
- MLS #2151553
- Cost1100000
- MLS #2151553
- Acres0.3161
- Utility SourcePublic
- CountySkagit
- Year Built1939
- Days on Market (Cumulative)587
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-11-13 20:23:08. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: David M. Hilbert (#NWM90077)
Listing Office: Real Estate 2000 Inc. (#NWM7314)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
