Listing #:
- 2151553
- Price:
- $1,100,000
- Status:
- Pending Feasibility
- Property Type:
- Commercial
- Type:
- Comm Bldg Und 10K
- # of Acres:
- 0.32
- Year Built:
- 1939
- Comm/Assn:
- Downtown
- City:
- Mount Vernon
- County:
- Skagit
- State:
- WA
- Zip:
- 98273
- Right of 1st Refusal:
- No
QR Code
Description
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!
Property Features
- Cap Rate:
- - 17
- Net Operating Income:
- - $185,278.00
- Gross Adjusted Income:
- - 384400
- Style Code:
- - 60 - Comm Bldg Und 10K
- Total Expenses:
- - 199121
- Zoning Class:
- - Commercial
- Zoning Jurisdiction:
- - City
- Other Expense:
- - 199121
- Parcel Number:
- - P52802
- Possible Use:
- - Commercial
- :
- - Sewer Connected
- Structure Type:
- - Unspecified
- Water Source:
- - Public
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