Downtown Mount Vernon Office
1321 S 2nd St Mount Vernon, WA 98273
For Sale
Contact for pricing
1551 SF office building in downtown Mount Vernon, Washington.
Property Size1,551 SF
Lot Size0.11 Acres
Price / SF$274.02
Days on Market566
Property Features for 1321 S 2nd St
General Information
Standard status
Active
Size
1,551 SF
Lot size
0.11 Acres
Property subtype
OFFICE
Listing Agency:
Skagit Tradition Realty, LLC
(360) 708-8294
Listed By:
Danya Wolf
(360) 708-8294
Source:
Moodyscre
Added: Jan 10, 2025
Changed: Jul 6
Last Checked: Jul 19 at 2:53AM
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 Skagit Tradition Realty, LLC
Investment Insights
Based on property information with market context.
This 1551 square foot office building is situated on a 4,591 square foot lot and features off-street parking. Located in downtown Mount Vernon, Washington, it is conveniently located near the Courthouse. The property has been used as a land surveyor's office for many years, and has previously served as an attorney's office and a doctor's office. The well-maintained building includes an ante room, receptionist and secretarial administrative space, three separate offices or work rooms, a lunch room, a bathroom, and storage space. The property is suitable for office use.
Key Highlights
- Great downtown Mount Vernon location, convenient to the Courthouse.
- Generous off‑street parking available.
- Well‑maintained 1,551 square foot office building.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.6k | $35.88 |
| − Vacancy | −$11.5k | −$7.39 |
| EGI | $44.2k | $28.49 |
| − OpEx | −$11.0k | −$7.12 |
| NOI | $33.1k | $21.37 |
1,551 SF · lease $35.88/SF/yr · vacancy 20.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$473.4K
$414.3K – $552.3K
NOI $33,140 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$630.8K
$552.0K – $735.9K
NOI $44,156 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - 1551 SF office building in downtown Mount Vernon, Washington.
Where is this office building located?
The property is located at 1321 S 2nd St Mount Vernon, WA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Great downtown Mount Vernon location, convenient to the Courthouse.; Generous off‑street parking available.; Well‑maintained 1,551 square foot office building.
