1909 2nd St Mount Vernon, WA 98273-5207
This exceptional Mount Vernon, WA investment opportunity presents a unique blend of retail and multifamily potential. Situated on a generous 2.06-acre lot at 1909 S 2nd Street, this property boasts a substantial 6,760 square foot building, encompassing both retail and residential spaces. The main structure, built in 1959, is a two-story building offering ample space for various commercial ventures. The property also includes a separate shop building, adding to its versatility. Further enhancing its appeal is a 1908 two-story rental house, providing additional income streams. The property features 30 parking spaces, a significant advantage for both tenants and customers. Its strategic location near I-5 and access from two major roads offers excellent visibility and accessibility, making it ideal for a variety of uses. The property's zoning and potential for redevelopment should be explored. This property is located in a Federal Opportunity Zone, presenting additional investment incentives. With a total asking price of $999,999, and a price per square foot of $147.93, this property offers a compelling return on investment. The APN is P53491. This is a rare opportunity to acquire a substantial mixed-use property in a thriving Washington state location. Serious inquiries are encouraged to explore the full potential of this remarkable asset.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.