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

1331 S 2nd Street, Mount Vernon, WA

$1,100,000 USD

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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 USD
Acres 0.32
Year Built 1939
Type Commercial Sale
Sub-Type Commercial Industrial
Status Pending Feasibility

Community Information

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

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeReal Estate 2000 Inc.

Listing Map

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