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Listed by Real Estate 2000 Inc.
$ 1,100,000
Est. payment | /mo
0.32 Acres Lot
$ 1,100,000
Est. payment | /mo
0.32 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Downtown
MLS Listing ID 2151553
Style 60 - Comm Bldg Und 10K
Year Built 1939
Lot Size 0.316 Acres
Property Sub-Type Commercial Industrial
Property Description
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.
Location
State WA
County Skagit
Area 835 - Mount Vernon
Interior
Fireplace false
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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RSVP Real Estate Group
Real Estate Firm | License ID: 17634
Real Estate Firm License ID: 17634