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Investment Highlights

  • Main st visibility
  • Easy access to State Route 20

Executive Summary

Position your business for success in this Prime location on Main St in Coupeville with this exceptional 1,698-square-foot commercial building offering outstanding visibility, easy access, & ample on-site parking. Currently leased until April 2027 & configured as a professional physical therapy office, the thoughtfully designed floor plan provides flexibility for a wide range of professional, medical, wellness, retail, or office users. The bright reception & waiting area creates an inviting first impression, while expansive front windows fill the interior with natural light & provide excellent street presence. The building features multiple private treatment/exam rooms, spacious open therapy or collaborative workspace, private offices, ADA-accessible restroom, staff break room with kitchenette & laundry area. High ceilings & a functional layout maximize efficiency while offering the opportunity to easily adapt the space to your business needs. Located in one of Whidbey Island's most desirable commercial corridors, this property benefits from steady local traffic, strong community presence, & convenient proximity to downtown Coupeville, SR-20, & nearby medical & professional services. Whether you're expanding an existing practice, launching a new business, or seeking an investment property, this well-maintained commercial building offers a rare opportunity in a highly sought-after location with exceptional versatility & long-term potential. --Please do not disturb the tenants!

Financial Summary (Actual - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
1,698 SF
Building Class
C
Year Built
1996
Price
$515,000
Price Per SF
$303.30
Cap Rate
6.18%
NOI
$31,815
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,698 SF
Building FAR
0.14
Lot Size
0.29 AC
Zoning
CP
Parking
10 Spaces (5.89 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
R13233-028-4160
Land Assessment
$225,072
Improvements Assessment
$274,417
Total Assessment
$499,489
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
  • Listing ID: 41176125

  • Date on Market: 7/6/2026

  • Last Updated:

  • Address: 101 S Main St, Coupeville, WA 98239

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