1331 S 2nd Street, Mount Vernon, WA, 98273
1331 S 2nd StreetMount Vernon, WA 98273
Listing courtesy of David M. Hilbert of Real Estate 2000 Inc.
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Fantastic chance to acquire a trio of commercial investments, all housed within a single building. 13,769 Square Foot commercial space. In downtown Mount Vernon, it features a convenience store, an enticing Indian restaurant which leases for $2,000 a month, and a profitable rental apartment which leases for $1,000 a month. Both leases are additional income to the P&L $185K Gross Income giving it a 20.12% Cap Rate! Upgrades include a commercial-grade kitchen and sanitation area. The property boasts high visibility and prominent signage, capturing daily traffic of nearly 10,000 vehicles. Set for substantial growth. 2022 Gross $679,672.78, Net of $185,278.72 and 17% cap rate!
| 4 days ago | Listing updated with changes from the MLS® | |
| 8 months ago | Status changed to Active | |
| a year ago | Price changed to $1,100,000 | |
| 2 years ago | Listing first seen on site |
Listing courtesy of David M. Hilbert of Real Estate 2000 Inc.
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Last checked: 2025-04-07 08:51 AM PDT
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