1331 S 2nd Street

Mount Vernon, WA 98273

  • Bed

  • Bath

  • 0 SqFt

  • 705 DOM

  • Built: 1939

  • Status: Active

$1,100,000

X

1331 S 2nd Street

Mount Vernon 98273

$1100000

  • Bed

  • Bath

  • 0 SqFt

  • 705 DOM

  • Built: 1939

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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.

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Residence Information

  • 0

  • 60 - Comm Bldg Und 10K

  • 1939

Features and Utilities

  • Public

  • Sewer Connected

Financial

  • Cash Out, Conventional

  • 08-15-2023

Comparable Information

  • 705

  • 705

  • Cash Out, Conventional

  • $1,200,000

  • $1,200,000

  • Apr 23, 2025 00:33

Schools

Map

Listing courtesy of Real Estate 2000 Inc..

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Jun 08, 2025 14:26 | Listing last modified Apr 23, 2025 00:33. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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