The Keystone Building 619 Commercial Ave 22,488 SF 100% Leased Retail Building Anacortes, WA 98221 $4,895,000 ($217.67/SF) 5.61% Cap Rate











INVESTMENT HIGHLIGHTS
- Property is at a busy downtown core location.
- Low vacany rate.
- Beautiful intact historic details have been maintainted along with new updates including roof, skylights and sewer.
- Highest and best use would be boutique hotel with retail and restaurant below, there are no historic hotels in Anacortes at this time.
EXECUTIVE SUMMARY
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$99,999
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$9.99
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Other Income |
$99,999
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$9.99
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Vacancy Loss |
$99,999
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$9.99
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Effective Gross Income |
$99,999
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$9.99
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Taxes |
$99,999
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$9.99
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Operating Expenses |
$99,999
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$9.99
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Total Expenses |
$99,999
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$9.99
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Net Operating Income |
$99,999
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$9.99
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PROPERTY FACTS
AMENITIES
- Corner Lot
- Mezzanine
- Restaurant
- Skylights
- Storage Space
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Cosmic Veggies
- -
-
99,999 SF
- -
-
Jan 0000
- J Slocum Marine
- -
-
99,999 SF
- -
- -
When Bob James founded Raymond James, he did so based on a belief that clients deserved more than help with investment decisions, they needed advice that considered their entire financial picture. Today, that client-focused approach has extended to serve client accounts through many financial advisors in the United States, Canada and overseas. Further, the company has expanded through the years to serve corporations, institutions and municipalities through significant capital markets, banking and asset management services. In 1962, Bob James set out to build a different kind of financial services firm. In the years since, that firm has grown to become a leader in its industry, dedicated to and driven by a focus on independence, integrity, conservative risk management and always putting clients first. In the years to come, they will work to carry their success – and Bob’s legacy – to new heights.
- Shear Joy
- -
-
99,999 SF
- -
- -
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
Cosmic Veggies | - | 99,999 SF | - | Jan 0000 | ||
J Slocum Marine | - | 99,999 SF | - | - | ||
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- | 99,999 SF | - | - | ||
Shear Joy | - | 99,999 SF | - | - |
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Number | P54998 | Total Assessment | $2,308,900 (2024) |
Land Assessment | $1,258,100 (2024) | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $1,050,800 (2024) | Tax Year | 2023 |