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$999,999

  • For Sale
  • Active
  • Industrial

Listed by David M. Hilbert | Real Estate 2000 Inc. | (425) 670-2000 and Aimee Anthony | Best Choice Realty LLC | (206) 886-3986

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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.

Full Property Details for 1331 S 2nd St

General

  • Price: $999,999
  • Status: Active
  • Type: Industrial
  • Source: NWMLS
  • MLS ID: 2151553
  • Updated: 1/3/2026
  • Added to Site: 887 day(s) ago

Location

  • Area: 835 - Mount Vernon
  • County: Skagit
  • Subdivision: Downtown
  • Driving Directions: Head north on I-5 N Take exit 226 for Kincaid St/WA-536 W Turn left onto WA-536 W/Broad St/E Kincaid st Turn left onto S 2nd St Turn right onto W Hazel St

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Unspecified
  • Year Built: 1939

Lot Features

  • Lot Size (Acres): 0.3161
  • Lot Size (Sq. Ft.): 13,769
  • Lot Size Source: Chicago Title
  • Zoning: Commercial

Financial Considerations

  • Terms: Cash Out, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: P52802

Listed by David M. Hilbert | Real Estate 2000 Inc. | (425) 670-2000 and Aimee Anthony | Best Choice Realty LLC | (206) 886-3986

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NMLS#: 1598647

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Schools serving 1331 S 2nd St

School District:Mount Vernon School District
NameGradesDistance
Washington Elementary School, Mount Vernon, WA
1020 McLean Road, Mount Vernon, WA 98273
K-50.7 mi
La Venture Middle School
1200 North Laventure Road, Mount Vernon, WA 98273
6-81.8 mi
Mount Vernon High School
1075 East Fulton Street, Mount Vernon, WA 98273
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1331 S 2nd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/03/2026
Price Reduced
$999,999
-9.09%
MLS
2/04/2024
Price Reduced
$1,100,000
-8.33%
MLS
8/15/2023
Listed
$1,200,000
442.87%
MLS
12/12/2001
Sold
$221,046
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1331 S 2nd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,010
33%
$451,800
29%
2024
$3,768
17%
$350,100
19%
2023
$3,208
-1%
$293,700
30%
2021
$3,237
—
$225,900
-7%
2021
$3,237
-3%
$242,600
—
2020
$3,330
12%
$242,600
—
2019
$2,968
-14%
$242,600
10%
2018
$3,471
-2%
$220,500
—
2017
$3,532
-1%
$220,500
—
2016
$3,576
-6%
$220,500
-2%
2015
$3,802
-1%
$226,100
—
2014
$3,830
—
$226,100
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by David M. Hilbert | Real Estate 2000 Inc. | (425) 670-2000 and Aimee Anthony | Best Choice Realty LLC | (206) 886-3986

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1331 S 2nd Street, Mount Vernon, WA 98273 (MLS# 2151553) is a Industrial property. 1331 S 2nd Street is currently listed for $999,999 and was received on August 15, 2023. Want to learn more about 1331 S 2nd Street? Do you have questions about finding other Industrial real estate for sale in Mount Vernon? You can browse all Mount Vernon real estate or contact a Coldwell Banker agent to request more information.

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