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Mixed-Use Property in Opportunity Zone
For Sale
$720,000
Pending

1901 2nd St, Mount Vernon, WA 98273

Dual income property with redevelopment potential in opportunity zone.

Property Size36,690 SF
Days on Market846

Property Features for 1901 2nd St

General Information

Standard status Pending
Size 36,690 SF
Property subtype Commercial

Building Details

Year Built 1908
Listing Agency: WINDERMERE REAL ESTATE-ANACORTES
Listed By: NATE SCOTT
Source: Corcoran
Added: May 21, 2024 Changed: Sep 12 Last Checked: Sep 13 at 7:16AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WINDERMERE REAL ESTATE-ANACORTES

Investment Insights

Based on property information with market context.

This mixed-use property features a home and a shop situated on a 0.80-acre lot zoned C-2. Both the home and shop are currently leased, providing dual income potential. The home is rented for $1,800 per month, and the shop is rented for $800 per month. The property offers access from both the north and south ends via West Taylor and West Blackburn Streets. Located in an opportunity zone, it provides convenient access to I-5 and downtown, making it suitable for redevelopment or continued use in its current state. The property size is 36690 square feet.

Key Highlights

  • Dual income property, home and shop, currently leased for $2,600/month.
  • Large .80 acre lot zoned C‑2 with redevelopment potential.
  • Located in an opportunity zone.

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Dental Office Grocery & Convenience Store Real Estate Agency Daycare Center (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

427
Businesses Nearby

Demographics for 98273, WA

31,243
Population
11,991
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
87%
High-School Grad
83.9 sq mi
ZIP Area
372
Density / Sq Mi
$74,247
Median Household Income
$42,168
Median Earnings
$1,171
Median Rent
$448,300
Median Home Value
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Dual income property with redevelopment potential in opportunity zone.
Where is this mixed-use property located?
The property is located at 1901 2nd St Mount Vernon, WA.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Dual income property, home and shop, currently leased for $2,600/month.; Large .80 acre lot zoned C‑2 with redevelopment potential.; Located in an opportunity zone.
More about this property
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