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    1901 2Nd St Mount Vernon, WA 98273

    For Sale
    $720,000

    Dual income property with redevelopment potential in opportunity zone.

    Property size:
    36,690 SF

    Property Features for 1901 2Nd St

    General Information

    Size
    36,690 SF

    Building Details

    Year built
    1908

    Source: WINDERMERE - SKAGIT VALLEY Agent NATE SCOTT

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Opportunity Zone

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Skagit
    State
    Washington
    Longitude
    -122.337586
    Latitude
    48.407184

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    FAQs

    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.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1901 2Nd St Mount Vernon, WA 98273
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