1331 S 2nd Street, Mount Vernon, WA 98273 (MLS # 2151553)

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Listing provided courtesy of Northwest MLS; Real Estate 2000 Inc.

PRICE $1,100,000
SIZE n/a
LOT SIZE 13,770 sqft
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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.

LAST UPDATED 8/21/2024 TRACT Downtown
YEAR BUILT 1939 COMMUNITY Downtown
COUNTY Skagit STATUS Active
PROPERTY TYPE(S) Commercial

PRICE HISTORY
Prior to Feb 4, '24 $1,200,000
Feb 4, '24 - Today $1,100,000


ADDITIONAL DETAILS
AREA 835 - Mount Vernon
HEAT None
LOT 0.3161 acre(s)
MLS STATUS Active
STYLE 60 - Comm Bldg Und 10K
SUBDIVISION Downtown
UTILITIES Sewer Connected
WATER Public
ZONING Commercial

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 7/8/25 8:21 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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