$1,100,000
1331 S 2nd Street
Listing Type: For Sale
Property Type: Retail
Status: Pending
CBA ID#: 670448
1331 S 2nd St
Mount Vernon, WA 98273

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Commercial Property

Marketing 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

Land Features:

  • Lot Size: 13765 SqFt
  • Lot Acreage: 0.32 Acres
  • Zoning: C-2

Building Features:

  • Building Size: 2612 SqFt
  • Available Space: 2612 SqFt
  • Number of Floors: 1
  • Cap Rate: 0.00%
  • Construction: Concrete
  • Year Built: 1939
This Listing Supplied Courtesy of Real Estate 2000 Corp.
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
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