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Downtown Mount Vernon Office Building

1321 S 2nd St, Mount Vernon, WA 98273

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1551 SF office building in downtown Mount Vernon, Washington.

Type:OFFICE

Property size:

1,551 SF

Lot size:

0.11 Acres

Price / SF:

$290/SF

HighLights

Great downtown Mount Vernon location, convenient to the Courthouse.
Generous off‑street parking available.
Well‑maintained 1,551 square foot office building.
Versatile layout with ante room, receptionist area, three offices/work rooms, lunch room, and bath.
Suitable for various professional uses (surveyor, attorney, doctor).
Ample storage space.

We can help!

Listing Contact

Danya Wolf

For Sale

Contact for pricing

1551 SF office building in downtown Mount Vernon, Washington.

Type:OFFICE

Property size:

1,551 SF

Lot size:

0.11 Acres

Price / SF:

$290/SF

Added:: Jan 10, 2025
Days on Market:: 520
Last Refresh:: Apr 5 at 8:39 pm

Property Features for 1321 S 2nd St

General Information

Standard status: Active
Size: 1,551 SF
Lot size: 0.11 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Danya Wolf

Listing agent Danya Wolf

Listing office Skagit Tradition Realty, LLC

Listing date Jan 10, 2025

Source Moodyscre

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

HighLights

Great downtown Mount Vernon location, convenient to the Courthouse.
Generous off‑street parking available.
Well‑maintained 1,551 square foot office building.
Versatile layout with ante room, receptionist area, three offices/work rooms, lunch room, and bath.
Suitable for various professional uses (surveyor, attorney, doctor).
Ample storage space.

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $33,140 @ 7.0% cap · market cap 7.36%

Second Best

—

no second resolved use

Theoretical Best

Office A

$630.8K

$552.0K – $735.9K (±1% cap)

NOI $44,156 @ 7.0% cap · market cap 9.81%

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

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Mount Vernon
County: Skagit
State: Washington
Longitude: -122.338
Latitude: 48.4124

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For sale
Office buildings
WA
Mount Vernon
98273
1321 S 2nd St

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 $450,000.

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.