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Opportunity Zone
Jerry's Grocery
Retail | 2,612 SF
Listing Contacts
DH Real Estate 2000 CorporationLicense: WA 327, WA 11415
Active
Asking Price: $1,100,000
Address
1331 S 2nd St, Mount Vernon, WA 98273
Show on MapDate Added
Jul 3, 2024
Days on Market
265 days
Time Since Last Update
4 days
Details
Property TypeRetail
SubtypeConvenience Store, Grocery Store
Square Footage2,612
Price/Sq Ft$421.13
Pro-Forma Cap Rate16.84%
Pro-Forma NOI$185,279
Buildings1
Stories1
Lot Size (sq ft)13,769
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!
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Property History
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Due Diligence
Listing Contacts
DH Real Estate 2000 CorporationLicense: WA 327, WA 11415
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