Property Details

701 S 1st Street

Mount Vernon, WA 98273

$2,300,000

Available

CBA# 715013 courtesy of CBA Listing firm: Pettruzzelli Inc.

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I’d like more information about 701 S 1st Street, Mount Vernon, MLS# 715013

Office / Retail

Property Type

12,800

Bldg Sq Ft

Units

7.00%

Cap Rate

1908

Year Built

Property Overview

Fantastic investment opportunity in prime downtown Mount Vernon location. Fully rented, this 13,000 square foot property features a beloved, long-term retail tenant on the main floor with ample living space above. On the second floor you'll find a mix of 18 rental units which include full apartments and individual rooms along with communal kitchen, restrooms, and coin operated laundry. These units offer a great opportunity for low income housing and are in great demand. Located in the heart of downtown, this historic building is within easy walking distance of the Skagit Riverwalk, grocery stores, restaurants, the Lincoln Theatre, summer concerts, farmers markets, shops, and everything downtown Mount Vernon offers.