512 Poplar LnMount Vernon, WA 98273

For Sale
$575,000

Prime location, investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Mount Vernon, WA property presents a unique investment opportunity, encompassing two parcels totaling 0.95 acres. The property includes a 661 square foot, single-building residence constructed in 1965, currently rented on a month-to-month basis. This adds immediate income potential to the investment. The property is situated on a prominent corner lot at the intersection of Poplar Lane and Urban Avenue, conveniently located just off Riverside Drive. One parcel, approximately 0.26 acres, contains the existing residence. The second parcel, comprising roughly 0.69 acres, is undeveloped and level, presenting significant potential for commercial development. The entire property is zoned C-2, designating it as a General Commercial District, offering flexibility for a variety of commercial uses. The asking price is $575,000, translating to $869.89 per square foot. The property's APN is P25764, P25745. This combined residential and commercial offering provides a rare chance to capitalize on both immediate rental income and future development prospects in a desirable location. All information is deemed reliable but not guaranteed.

Highlights

  • 0.95-acre corner lot in Mount Vernon, WA, with a 661 sq ft, 1965-built single-family residence currently rented month-to-month.
  • Two parcels: a 0.26-acre parcel with the residence and a 0.69-acre level, undeveloped parcel.
  • Prime commercial location at Poplar Ln & Urban Ave, off Riverside Drive.
  • C-2 General Commercial zoning allows for diverse commercial uses.
  • Asking price: $575,000.

Property Details for 512 Poplar Ln

Property type
Other mixed-use properties, Other land
Square Feet
661 SF
Year Built
1965
Buildings
1
Lot Size (sq. ft)
41,382 SF

Location Insight

City
Mount Vernon
County
Skagit
State
Washington
Latitude
48.440397057873
Longitude
-122.33333357706
512 Poplar Ln, Mount Vernon, Washington

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512 Poplar Ln
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