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1331 S 2Nd St Mount Vernon, WA 98273

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For Sale
$999,999

Fully leased mixed-use property with three income streams in downtown.

Lot size:
0.32 Acres

Property Features for 1331 S 2Nd St

General Information

Standard status
Active
Lot size
0.32 Acres

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Listing Contact
David M. Hilbert
Source: Exprealty

Listing Agency: Real Estate 2000 Inc. Listing Agent: David M. Hilbert

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

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Overview

High-Yield Mixed-Use Investment Opportunity

This mixed-use property is a fully leased investment opportunity situated in downtown Mount Vernon. The 2,612 square-foot property, located on a 13,769 square-foot lot, features a convenience store, a leased Mexican restaurant (rented for $2,200 per month), and a rental apartment (rented for $1,000 per month), providing three diverse income streams. The property includes upgrades such as a commercial-grade kitchen and sanitation room. It benefits from high visibility with over 10,000 vehicles passing daily and strong signage presence. Located in Mount Vernon’s vibrant downtown corridor, this asset offers stability, cash flow, and long-term growth potential. The property is intended for mixed-use purposes and offers potential for increased net income.
Location Intelligence

Current Use by Public Records

CHAPALA Mexican Food ... Mexican Restaurant Indian Restaurant Indian Restaurant

Suggested Use

Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

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City
Mount Vernon
County
Skagit
State
Washington
Longitude
-122.338198
Latitude
48.41236

FAQs

What type of property is this?
Mixed-use property - Fully leased mixed-use property with three income streams in downtown.
Where is this mixed-use property located?
The property is located at 1331 S 2Nd St Mount Vernon, WA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: - High 18% Cap Rate investment opportunity.; - Fully leased, multi-use property with three income streams.; - Located in Mount Vernon's vibrant downtown corridor with high visibility (10,000+ vehicles daily).
More about this property
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