1331 S 2nd ST Active Save Request In-Person Tour Request Virtual Tour
Mount Vernon,WA 98273
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Downtown
MLS Listing ID 2151553
Style 60 - Comm Bldg Und 10K
Year Built 1939
Lot Size 0.316 Acres
Property 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!
Location
State WA
County Skagit
Area 835 - Mount Vernon
Building
Sewer Sewer Connected
Water Public
Others
Acceptable Financing Cash Out,Conventional
Listing Terms Cash Out,Conventional