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    720 Division St Mount Vernon, WA 98273

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    For Sale
    $750,000

    Bar and restaurant with NNN lease and renewal option.

    Property Features for 720 Division St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1963

    Source: DAVE NELSON REAL ESTATE Agent DAVE NELSON

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

    Overview

    West Mt Vernon Bar/Restaurant Investment

    Located in West Mt Vernon on the main street (W Division/SR536), this property features a bar and restaurant currently operated by a tenant under a NNN lease, with the tenant interested in renewing the lease. The property offers a 9.19% cap rate and presents an opportunity for future rent increases. Recent repairs include electrical and roofing work. The property includes 3 rental units, all rented to the same tenant. It is equipped with 3 meters, natural gas, internet, city water, and sewer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

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

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

    Similar Places Nearby

    The Porterhouse Pub, La Catrina Tacos & Tequila, Ristretto Coffee Lounge & Wine Bar, Revival Lounge, Temperate Habits Brewing Company

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Skagit
    State
    Washington
    Longitude
    -122.34373
    Latitude
    48.42137

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    FAQs

    What type of property is this?
    Bar - Bar and restaurant with NNN lease and renewal option.
    Where is this bar located?
    The property is located at 720 Division St Mount Vernon, WA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - High 9.19% Cap Rate; - Tenant wants to renew NNN Lease; - Excellent opportunity for future rent increases
    Request Owner's contact information
    720 Division St Mount Vernon, WA 98273
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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
    720 Division St Mount Vernon, WA 98273
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