Listing Office: Real Estate 2000 Inc. Northwest Multiple Listing Service Logo

1331 S 2nd Street, Mount Vernon, WA

$1,100,000

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0.32

Acres

About 1331 S 2nd Street

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!

Features of 1331 S 2nd Street

MLS® # 2151553
Price $1,100,000
Bathrooms 0.00
Acres 0.32
Year Built 1939
Type Commercial Sale
Sub-Type Commercial Industrial
Status Active

Community Information

Address 1331 S 2nd Street
Area 835 - Mount Vernon
Subdivision Downtown
City Mount Vernon
County Skagit
State WA
Zip Code 98273

Amenities

Is Waterfront No

Interior

Fireplace No

Additional Information

Days on Market 438
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeReal Estate 2000 Inc.

Listing Map

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