LISTING DETAILS

Hugo Helmer

701 S 1st Street Mount Vernon WA 98273

Listing #: 715013 | Status: Available | Last Modified: 7/7/2026

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	235,800
Vacancy Factor %	0.00%
Operating Expenses	68,302
Net Operating Income	167,498
CAP Rate	7.28 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Retail Information
Signage	Signage on Building and Freestanding

Retail Asset Class Info
Crane Tonnage	0

Financial Summary
CAP Rate	7.283

Building Information
Building Status	Existing
# of Buildings	1
# of Floors	2
# of Units	18
# of Elevators	0
Total Building SF	12,800 SF
Net Rentable Area	0 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	7,185 SF
Acres	0.16
Year Built	1908
Construction Type	Concrete

Property Type
Property Type	Retail
Investment	Yes

Location
County	Skagit
Market Area	Skagit County
Tax ID #	1340419-0-315-0104
Zoning	C-1A

Easton Books

Public Comments

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.

Hugo Helmer
701 S 1st Street Mount Vernon WA 98273

Listing #: 715013 | Status: Available | Listing Date: 7/7/2026 | Last Modified: 7/7/2026 | Email Listing

For Sale

Hugo Helmer

Listing Images