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Property profile & analytics
FOR SALE
Office buildings

307 South 1St St Mount Vernon, WA 98273

9,056 SF 0.11 ac lot Built 1920
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US90-0912202
Property summary
AI-generated overview

This exceptional 9,056-square-foot retail and office building, built in 1920, is situated on a 0.106-acre lot in the heart of historic downtown Mount Vernon, WA. The two-story building offers versatile space ideal for owner-users or investors. The street-level space is perfect for retail, a restaurant, or bar, benefiting from high foot traffic and proximity to amenities. Upstairs, private office suites provide flexible options for various businesses. The building features both front and rear entrances for convenient access, and ample nearby parking is available. A unique feature is an integrated approximately 700-square-foot one-bedroom apartment. This property presents a rare opportunity to own a piece of Mount Vernon's vibrant downtown, with its thriving retail scene, diverse dining options, supermarkets, and the scenic riverfront park. The asking price is $799,000, with a price per square foot of $88.23. This is an owner/user investment opportunity not to be missed. The address is 307 S 1st St, Mount Vernon, WA 98273.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1920
Total area 9,056 SF
Lot 0.11 ac (4,600 SF)
APN 3700-003-011-0008
UPID US90-0912202
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • David Bond Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$565k
CAP Approach CAP
by Request
Comparable Approach Comparable
$609k
Blend (final) Blend
$595k
Owner & transaction history
Downtown Unlimited LLC · 4 yrs held
Downtown Unlimited LLC
since 2022
Last sale
$600,000
7 recorded transactions
2022
Price N/A
2022
$600,000
2020
Price N/A
2017
Price N/A
2017
Price N/A
2017
$650,000
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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