302 1st St Mount Vernon, WA 98273
5,687 SF retail space in high-traffic downtown location.
- Added:
- Dec 2, 2025
- Days on Market:
- 221
- Last Refresh:
- Jul 3 at 5:56 am
Property Features for 302 1st St
General Information
- Standard status
- Active
- Size
- 5,687 SF
- Lot size
- 0.13 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing office LEARNED COMMERCIAL, INC.
Listing date Dec 2, 2025
Source Corcoran
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 LEARNED COMMERCIAL, INC.
Investment Insights
Based on property information with market context.
Key Highlights
- High foot traffic location in downtown Mount Vernon.
- 5,687 +/- sf office/retail space.
- Zoned C‑1a: Downtown Districts.
Local Financial Insights For Retail
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 | $69.6k | $12.24 |
| − Vacancy | −$1.0k | −$0.18 |
| EGI | $68.6k | $12.06 |
| − OpEx | −$20.6k | −$3.62 |
| NOI | $48.0k | $8.44 |
