Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

968 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

105 1st St 9,282 SF 100% Leased Retail Building Langley, WA 98260 $2,495,000 ($268.80/SF) 6.95% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Executive Summary

A rare opportunity to own a landmark building in the heart of downtown Langley! This recently updated commercial property is home to three strong tenants and offers nearly a 7% cap rate. Two tenants are secured with brand-new, long-term NNN leases, while the third is on a flexible month-to-month lease—ideal for investors or potential owner-operators. Major recent upgrades include fresh exterior paint, a new fire suppression system, sprinklers, and a modernized lobby with elevator access. The property also boasts 12 dedicated parking spaces, plus convenient street parking. A rock-solid investment in a premium location—don’t miss your chance to own this standout downtown asset!

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Residential

Building Size

9,282 SF

Building Class

Year Built

1982

Price

$2,495,000

Price Per SF

$268.80

Cap Rate

6.95%

NOI

$173,443

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Building FAR

0.67

Lot Size

0.32 AC

Zoning

LG - Central Business District

Parking

12 Spaces (1.29 Spaces per 1,000 SF Leased)

Frontage

117’ on 1st Street

Major Tenants

Fine Balance Imaging Studios
Manufacturing
-
-
-

Finance and Insurance
-
-
-

Heritage Financial Corporation began in 1927 through Heritage Bank, which was built around the idea that banks and neighbors could strengthen local communities together. Heritage Financial Corporation serves as the holding company for Heritage Bank, a full-service commercial bank that provides financial solutions for small and medium-sized businesses. Heritage Bank offers a complete range of banking services and tools for businesses and individuals, with operations across the Pacific Northwest. Since 2010, Heritage Financial Corporation has expanded through a series of acquisitions, adding banks and commercial banking capabilities while remaining focused on community banking and relationship-based service.

S&P1, LLC
-
-
-
-

Saratoga Enterprises Inc
Retailer
-
-
-

Tenant	Industry	SF Occupied	Rent/SF	Lease End
Fine Balance Imaging Studios	Manufacturing	-	-	-
	Finance and Insurance	-	-	-
S&P1, LLC	-	-	-	-
Saratoga Enterprises Inc	Retailer	-	-	-