Property Search

  • Price:

    • $1,100,000

  • Listing #:
    • 670448
  • Class:
    • Commercial
  • Type:
    • Retail
  • Apx. Acres:
    • 0.316
  • Apx. Sqft.:
    • 2612
  • Lot Size:
    • 13,765
  • Year Built:
    • 1939
  • Address:
    • 1331 S 2nd St 0
  • City:
  • County:
    • Skagit
  • Area:
    • Skagit County
  • State:
    • WA
  • Zip:
    • 98273

Description

Seize an extraordinary opportunity to own a trio of diverse and lucrative commercial investments, all nestled within a single, strategically positioned building. Encompassing a substantial 13,769 square feet lot, the property accommodates a spacious 2,612 square feet Building. Conveniently situated within Mount Vernon's bustling downtown corridor, this coveted property showcases a meticulously maintained 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 $185,000 Gross Income giving it a 20.12% Cap Rate!Upgrades include the addition of a modern commercial-grade kitchen and a dedicated sanitation area, enhancing the property's appeal and functional

Additional Downloadable Documents

  • Asset Classes:
    • • Retail
  • Availability Status:
    • • Pending
  • Property Name:
    • • 1331 S 2nd Street
  • Floors:
    • • 1
  • Building Total Square Feet:
    • • 2612
  • Zoning:
    • • C-2
  • Construction:
    • • Concrete

 

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