Robert Croote
This listing was posted on Robert Croote (via ListedBuy).
$1,200,000
Jerry's Grocery
Price:
$1,200,000
Location:
Mount Vernon, WA
Description:
Seize an extraordinary opportunity to own a trio of diverse and lucrative commercial investments, all nestled within a single, strategically positioned building. Encompassing a substantial 13,769 square feet lot, the property accommodates a spacious 2,612 square feet Building. Conveniently situated within Mount Vernon's bustling downtown corridor, this coveted property showcases a meticulously maintained convenience store, an enticing Indian restaurant which leases for $2,000 a month, and a profitable saleal apartment which leases for $1,000 a month. Both leases are additional income to the P&L $185,000 Gross Income. Upgrades include the addition of a modern commercial-grade kitchen and a dedicated sanitation area, enhancing the property's appeal and functionality. Boasting impressive visibility and prominent on-site signage, the location garners significant exposure, capturing the attention of an estimated 10,000 passing vehicles on a daily basis. Benefiting from its strategic locale, this site is poised for substantial growth, positioning it as an enticing prospect for discerning investors. Kindly note the importance of respecting the operational hours of the Indian restaurant tenant to ensure a harmonious relationship. This exceptional investment opportunity boasts a compelling 15.44% cap rate, underscoring its potential for remarkable returns. 2022 Gross Income $679,672.78 and a Net Income of $185,278.72. Don't miss out on this remarkable proposition that seamlessly combines convenience, prime location, and promising future prospects. Still available at ListedBuy!
Property Type:
Single-Family Houses
Sq feet:
2,612 sq. ft.
Year:
1939
For sale by:
By Owner
Agent Name:
Robert Croote
Posted:
August 26 2023 on ListedBuy
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More About this Listing: Jerry's Grocery
Jerry's Grocery is a Single-Family Homes for Sale in Mount Vernon WA. Find other listings like Jerry's Grocery by searching Oodle Classifieds for Single-Family Homes for Sale in Mount Vernon WA.
Jerry's Grocery is a Single-Family Homes for Sale in Mount Vernon WA. Find other listings like Jerry's Grocery by searching Oodle Classifieds for Single-Family Homes for Sale in Mount Vernon WA.