1331 2Nd St Mount Vernon, WA 98273
Three diverse commercial investments in one strategically positioned building.
Property size:
2,612 SFProperty Features for 1331 2Nd St
General Information
- Size
- 2,612 SF
Building Details
- Year built
- 1939
Source:
Corcoran
Listing Agent: David Hilbert
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Mount Vernon Commercial Investment Opportunity
This property features a 2,612 square feet building on a 13,769 square feet lot. It is located in Mount Vernon's downtown corridor. The property includes a convenience store, a Mexican restaurant leasing for $2,200 a month, and a rental apartment leasing for $1,000 a month. Upgrades include a modern commercial-grade kitchen and a dedicated sanitation area. The 2024 actual financials show a gross income of $665,123 and a net income of $201,391, with a CAP rate of 18.31%.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
CHAPALA Mexican Food ...
Mexican Restaurant
Indian Restaurant
Indian Restaurant
Similar Places Nearby
Mt Vernon Red Apple Market
Location Insight
- Map
- Local Demand
- City
- Mount Vernon
- County
- Skagit
- State
- Washington
- Longitude
- -122.338198
- Latitude
- 48.41236
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Three diverse commercial investments in one strategically positioned building.
Where is this grocery and convenience store located?
The property is located at 1331 2Nd St Mount Vernon, WA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: - High CAP Rate: 18.31%; - Substantial Net Income: $201,391; - Diverse Income Streams: Convenience store, Mexican restaurant, and rental apartment.