309 Milwaukie St $750,000

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    309 Milwaukie St Mount Vernon, WA 98273

    • 0.16 Acres
    • Commercial/Industrial
    Listing# 1496815 | Active
    Days On Market: 88 4 Views
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    Property Details

    Fantastic opportunity to own a multi-purpose historic building in downtown Mt. Vernon. Currently operated as a restaurant, 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! Tons of opportunity for rental income as is or build to suit your needs. Current cap rate is 6 percent! Call for more information!

    • General Features
      • County Skagit
      • Approx Building SqFt 8,385
      • Approx Office SqFt 0
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Business, Commercial, Residential, Retail
      • Style 60-Comm Bldg Und 10K
      • Total Covered Parking 0
      • Total Uncovered Parking 0
      • Zoning Jurisdiction City
    • Building Features
      • Exterior Brick, Cement/Concrete, Stucco
      • Roof Composition, Flat
      • Floor Covering Ceramic Tile, Vinyl
      • Features Storage
      • Heating and Cooling Forced Air
    • Property Features
      • Depth of Lot 0
      • Site Frontage 0
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Sewer Company Skagit County PUD
      • Energy Source Electric, Natural Gas
      • Power Company PSE
      • Number of Available Pads 0
      • Lot Square Footage 6,912
    • Financials
      • Vacancy Rate 0
      • Total SqFt Rented 4,650
      • Total Monthly Rent $4,650
      • Gross Rent Multiplier 0
      • Cap Rate -NOI div LP 6
      • Gross Scheduled Income $55,800
      • Gross Adjusted Income $45,791
      • Total Expenses $10,009
      • NOI $0
      • Electrical Expenses $0
      • Tax Expense $4,972
      • Heating Expense $0
      • Insurance Expense $3,537
      • Other Expenses $1,500
      • Tax Year 2019
      • Annual Assoc. Dues $0

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    Neighborhood

    98273 (Mount Vernon) Demographics

    35Median Age
    357Population Density (per sq. mile)
    31%College Educated
    $51,613 Estimated Median Income
    6,419Estimated Total Home Owners
    4,172Estimated Total Renters
    61% / 39%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    29,994Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $367,000 Median Sales Price
    29 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $750,000
        7/26/2019 1:11:00 PM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.