1331 S 2nd Street, Mount Vernon, WA 98273

Property Description

This listing courtesy of David M. Hilbert, Real Estate 2000 Inc.

Rare 18% Cap Rate – High-Yield Mixed-Use Property In Downtown Mount Vernon. This Is A Prime Opportunity To Own A Fully Leased, Multi-Use Investment With Three Diverse Income Streams In One Well-Maintained Building. Raise The Net Income By Running The Store Yourself! Lots Of Potential! Situated On A 13,769 Sq.Ft. Lot, This 2,612 Sq.Ft. Property Includes A Convenience Store, A Leased Mexican Restaurant ($2,200/Month), And A Rental Apartment ($1,000/Month). Upgrades Feature A Commercial-Grade Kitchen And Sanitation Room. Exceptional Visibility With Over 10,000 Vehicles Passing Daily, Plus Strong Signage Presence. Located In Mount Vernon’s Vibrant Downtown Corridor, This Asset Offers Stability, Cash Flow, And Long-Term Growth Potential.

Listing Status:

Active

Listing Office:

Real Estate 2000 Inc. : 425-670-2000

Listing Agent:

David M. Hilbert : 425-670-2000

MLS ID:

2151553

Interior

• A/C: None
• Heating: None
• Fireplace: Fireplaces: 0

Exterior

• Parking: Parking spaces: 0

Construction

• General: 60 - Comm Bldg Und 10K

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• County: Skagit

Lot

• Zoning: P52802

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls

This listing courtesy of David M. Hilbert, Real Estate 2000 Inc.