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

1331 S 2nd Street

Mount Vernon, WA, 98273
$ 1,100,000
Baths0.0

Monthly Estimate*

$ 7,311

Listed by Real Estate 2000 Inc.
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Studio

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.

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!

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Commercial Pending

Price

$ 1,100,000

Bedrooms

Studio

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
Sewer Sewer Connected
Possession Closing
HOA 0
Year Built 1939
Property SubType Commercial Industrial
County Skagit
Net Operating Income 185278
Property Type Commercial Sale
HOA / Comm Assn N
Subdivision Name Downtown
Possible Use Commercial
Special Listing Conditions None
Status Pending Feasibility
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
Buyer Agent Compensation 2.5
Senior Community Y/N N
NumberOfUnitsTotal 0
MLS Area 835 - Mount Vernon
Lot Size Units Square Feet
Lot Size Square Feet 13769
Carport Y/N N
Street Name 2nd
Listing Terms Cash Out Conventional
Public Remarks 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 enti
Virtual Tour https://www.tourfactory.com/idxr2959966
Structure Type Unspecified
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Zoning Class Commercial
Property Style 60 - Comm Bldg Und 10K
Cap Rate 17
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Interior
Total Fireplaces 0
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Street
Bedrooms Possible 0
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
Open Parking Y/N N
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
Aimee E. Anthony

Listing Agent

Real Estate 2000 Inc.

Broker

Affordability Calculator

$7,311
Per Month
100%
0%
0%
Monthly Principal & Interest
$7,311
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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 is a studio with 0.0 baths and was built in 1939. The property's zip code is 98273 which is in Mount Vernon, WA

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