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1202 Commercial Ave 3,444 SF 100% Leased Office Building Anacortes, WA 98221 $1,900,000 ($551.68/SF)
Investment Highlights
- Highly visible corner location in central Anacortes with strong daily traffic counts.
- Flexible layout with abundant natural light across both levels.
- Ample potential for retail, professional office, restaurant, or mixed-use concepts.
- Building renovated in 2010 with contemporary upgrades and modern appeal.
- Upper floor offers inspiring water views and natural ambiance.
- Seller open to rent-back agreement, providing immediate occupancy income potential.
Executive Summary
Position your business at the center of it all with this exceptionally rare commercial opportunity in one of the most highly sought-after locations in Anacortes. Situated on arguably the most visible corner in all of Anacortes, this prominent property offers unmatched exposure, high daily traffic, and endless potential for a wide variety of business ventures. This impressive 3,444 sq. ft. building was beautifully renovated in 2010, blending modern updates with timeless appeal. Inside, you’ll find expansive open space, abundant natural light, and an inviting atmosphere designed to impress clients, customers, and guests alike. The upstairs level showcases stunning water views, creating an inspiring and unforgettable setting rarely found in commercial real estate. Whether envisioned as a flagship retail location, professional office space, boutique destination, restaurant, gallery, or mixed-use concept, this property delivers the visibility, character, and location that businesses dream of. Opportunities like this seldom come available in Anacortes — a premier corner location, gorgeous water views, substantial square footage, and a beautifully updated building all combined into one extraordinary investment. The business is not for sale and seller is willing to rent back.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Building Size
3,444 SF
Building Class
C
Year Built/Renovated
1900/2010
Price
$1,900,000
Price Per SF
$551.68
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
1,722 SF
Building FAR
0.40
Lot Size
0.20 AC
Parking
9 Spaces (2.61 Spaces per 1,000 SF Leased)
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Fairly walkable
50/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | P32954 | Improvements Assessment | $528,600 |
| Land Assessment | $694,800 | Total Assessment | $3,300 |
Property Taxes
Parcel Number
P32954
Land Assessment
$694,800
Improvements Assessment
$528,600
Total Assessment
$3,300
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1202 Commercial Ave
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