Log In/Sign Up
Your email has been sent.
2001-2011 Commercial Ave 6,966 SF 100% Leased Retail Building Anacortes, WA 98221 $2,150,000 ($308.64/SF) 5.15% Cap Rate
Executive Summary
Fidalgo Commercial Properties is a four-parcel midtown corner assemblage on Commercial Avenue, the primary retail corridor in Anacortes, Washington. The offering presents an investor with stable in-place income, an eight-year tail on the anchor restaurant lease, hard-to-find Commercial Ave frontage, fifteen commercial parking stalls, embedded apartment-rent upside on next turn, and approximately 0.48 acre of contiguous commercially zoned land — all in a Pacific Northwest tourism submarket at the gateway to the San Juan Islands.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,966 SF
Building Class
B
Year Built/Renovated
1910/2022
Price
$2,150,000
Price Per SF
$308.64
Cap Rate
5.15%
NOI
$110,736
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.36
Lot Size
0.44 AC
Zoning
Commercial - Approved for commercial uses to include: Multifamily dwelling, Retail, Trade, Eating, Drinking uses
Parking
23 Spaces (3.3 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Fenced Lot
- Restaurant
- Storage Space
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $596,200 | |
| Land Assessment | $870,500 | Total Assessment | $1,466,700 |
Property Taxes
Parcel Numbers
Land Assessment
$870,500
Improvements Assessment
$596,200
Total Assessment
$1,466,700
1 of 38
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
2001-2011 Commercial Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.