1331 S 2nd Street, Mount Vernon, 98273
MLS® #: 2151553
Active, 513 Days on Market
Listing Office: Real Estate 2000 Inc.
Last Update: 2024-10-13
0
Garages
513
Dom
0.32
Acres
1939
Built
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!
Price & Status History
| Date | Details | Change |
|---|---|---|
| Date: | Details: Status Changed from Pending to Active | – |
| Date: | Details: Status Changed from Active to Pending | – |
| Date: | Details: Status Changed from Pending Feasibility to Active | – |
| Date: | Details: Status Changed from Active to Pending Feasibility | – |
| Date: | Details: Price Reduced from $1,200,000 to $1,100,000 | |
| Show More (2) | ||
| Date: | Details: Status Changed from Pending Feasibility to Active | – |
| Date: | Details: Status Changed from Active to Pending Feasibility | – |
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 | 513 |
|---|---|
| Cumulative Days on Market | 513 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Real Estate 2000 Inc. |
|---|
Listing Map
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