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720 W Division St Mount Vernon, WA 98273

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For Sale
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Bar and restaurant with tenant, excellent opportunity for rent increases.

Lot size:
0.17 Acres

Property Features for 720 W Division St

General Information

Standard status
Active
Lot size
0.17 Acres

Building Details

Year built
1963

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Listing Contact
Dave Nelson
Source: Crexi

Listing Agency: Dave Nelson Real Estate Listing Agent: Dave Nelson

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

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Overview

West Mt Vernon Bar/Restaurant ForSale

Located on the main street (W Division/SR536) in West Mt Vernon, 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 an excellent opportunity for future rent increases and has a 9.19% cap rate. Recent electrical and roofing repairs have been completed. 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.
Location Intelligence

Current Use by Public Records

Bars & Pubs

Suggested Use

Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

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City
Mount Vernon
County
Skagit
State
Washington
Longitude
-122.34373
Latitude
48.42137

FAQs

What type of property is this?
Bar & Pub - Bar and restaurant with tenant, excellent opportunity for rent increases.
Where is this bar & pub located?
The property is located at 720 W Division St Mount Vernon, WA.
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
More about this property
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