Mount Vernon, WA 98273 1331 S 2nd Street

Pending
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Presented By: Real Estate 2000 Inc. and NWMLS
  • Northwest Multiple Listing Service (NWMLS) - 21 - WA
  • MLS# 2151553
  • 08/15/2023
  • Get pre-approved
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.

Home Details

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.
Presented By: Real Estate 2000 Inc. and NWMLS

Interior Features for 1331 S 2nd Street

Bedrooms

Bedrooms Possible0
Bedrooms Upper

Bathrooms

Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Total Fireplaces

General for 1331 S 2nd Street

Building Area UnitsSquare Feet
Cap Rate18.31
Carport Y/NNo
CityMount Vernon
CountySkagit
DirectionsHead north on I-5 N Take exit 226 for Kincaid St/WA-536 W Turn left onto WA-536 W/Broad St/E Kincaid st Turn left onto S 2nd St Turn right onto W Hazel St
HOANo
HOA Fee$
Listing TermsCash Out, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet13769
Lot Size UnitsSquare Feet
MLS Area835 – Mount Vernon
ModificationTimestamp2025-08-04T19:05:10.428Z
NWM_ShowMapLinkY
Net Operating Income201391
Number Of Units Total0
PossessionClosing
Possible UseCommercial
Property Style60 – Comm Bldg Und 10K
Property SubtypeCommercial Industrial
Property TypeCommercial Sale
Public RemarksRare 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-Mainta
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending Feasibility
Structure TypeUnspecified
Subdivision NameDowntown
Virtual TourClick here
Year Built1939
Zoning DescriptionCommercial

Exterior for 1331 S 2nd Street

Building Area Total
Irrigation Water Rights Y/NNo
Lot Size Acres0.3161
Total Parking0
Water SourcePublic

Additional Details

Price History

Josh QA1

REALTOR ® SRES ®
Price $1,100,000
MLS#2151553
List Date 08/15/2023
Property Type Pending
Phone 925.123.4567
Get pre-approved
Request Tour
Request Info
Visit My Website

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