Jerry’s Grocery

Jerry’s Grocery

$1,100,000

1331 S. 2nd St. Mount Vernon, WA

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 rental apartment which leases for $1,000 a month. Both leases are additional income to the P&L $185,000 Gross Income giving it a 20.12% Cap Rate!

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 17% 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.