701 S 1st Street
Mount Vernon WA 98273
Hugo Helmer
701 S 1st Street Mount Vernon WA 98273
Listing #: 715013 | Status: Available | Last Modified: 7/7/2026 |
For Sale
- Phone:(360) 610-7256
- Email:dominic@pettruzzelli.com
- Office Name:Pettruzzelli Inc.
- Office Phone:(360) 610-7256
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,300,000.0
- $/SF$ 179.7
- $/Unit$ 2,300,000.0
- Listing StatusAvailable
- Days on Market3
- Asset ClassRetail, Office, Multi-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income235,800
- Vacancy Factor %0.00%
- Operating Expenses68,302
- Net Operating Income167,498
- CAP Rate 7.28 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- CAP Rate 7.28 %
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units18
- # of Elevators0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF12800
- Net Rentable Area0
- Total Office SF
- Largest Contiguous SF
- Lot SF7185
- Acres0.16
- Property TypeRetail
- Office Type
- InvestmentYes
- Building Class
- CountySkagit
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaSkagit County
- Tax ID #1340419-0-315-0104
- Additional Parcels
- ZoningC-1A
- Year Built1908
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeConcrete
Easton Books
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.
