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    309 Milwaukee Street

    Mount Vernon, WA 98273
    • $600,000
    • STATUS: Active
    • ON SITE: 80 days
    • ID#: 1720342
    $600,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1931
    County:
    Area:

    School Ratings & Info

    Listing Courtesy of Compass.

    Description

    Fantastic investment opportunity! Great opportunity to own a multi-purpose historic building in downtown Mt. Vernon. Currently operated as a restaurant, with space set up for a specialty grocery store and a three bedroom, one bathroom apartment upstairs. Great store fronts and large warehouse offer potential for expansion into brewery, bakery, fitness center, you name it! Zoned multi-family for up to 36 units! Tons of potential for rental income as is or build to suit your needs. Currently offered at 7.6 percent cap rate!!

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Northern Key Realty | Compass Washington are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-04-13T00:16:06.963.

    www.northernkeyteam.com/homes/113570708
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    309 Milwaukee Street Mount Vernon, WA 98273

    • Price: $600,000
    • Status: Active
    • ID#: 1720342
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1931
    Built
    Neighborhood:
    Downtown
    County:
    Skagit
    Area:
    Mount Vernon
    Property Description
    Fantastic investment opportunity! Great opportunity to own a multi-purpose historic building in downtown Mt. Vernon. Currently operated as a restaurant, with space set up for a specialty grocery store and a three bedroom, one bathroom apartment upstairs. Great store fronts and large warehouse offer potential for expansion into brewery, bakery, fitness center, you name it! Zoned multi-family for up to 36 units! Tons of potential for rental income as is or build to suit your needs. Currently offered at 7.6 percent cap rate!!
    Exterior Features

    Carport YN No Exterior Features BrickCement/ConcreteStucco Open Parking YN No Parking Total 0 Roof CompositionFlat Structure Type Unspecified Style Code 60 - Comm Bldg Und 10K Topography Level

    Interior Features

    Fireplace YN No Flooring Ceramic TileVinyl Furnished Unfurnished Heating Cooling Type Forced Air

    Property Features

    Building Features Disabled AccessStorage Electric On Property YN No First Right Of Refusal False Insurance Expense 4158 Irrigation Water Rights YN No Listing Terms Cash Out Net Operating Income 45663 Possible Use BusinessCommercialResidentialRetail Power Production Type ElectricNatural Gas Property Sub Type Commercial Industrial Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 5581 Tax Year 2020 Total Expenses 10167 Utilities Sewer ConnectedElectricity AvailableNatural Gas Connected Water Source Public Zoning Class BusinessCommercialResidentialRetail Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Northern Key Realty | Compass Washington and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Northern Key Realty | Compass Washington are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-04-13T00:16:06.963.

     
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    Northern Key Realty | Compass Washington
    2033 6th Ave, #600
    Seattle WA, 98121
    Listing Courtesy of Compass.