Bought with Windermere Real Estate Whidbey
$450,000
$549,000
18.0%For more information regarding the value of a property, please contact us for a free consultation.
0.28 Acres Lot
SOLD DATE : 04/05/2019
Key Details
Sold Price $450,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Clinton
MLS Listing ID 1357448
Sold Date 04/05/19
Style 60 - Comm Bldg Und 10K
Year Built 1970
Annual Tax Amount $2,368
Lot Size 0.275 Acres
Lot Dimensions 137x236x109x153
Property Description
Rare opportunity to purchase Whidbey Island Mixed Use - Water View Commercial Property. Located less than 1/4 mile from Clinton ferry terminal, this 1/4acre+ property includes A WATER VIEW APARTMENT plus over 5000sf of commercial/office/retail space with Highway Exposure and 16000+ average daily traffic count. Zoning allows for potential repositioning as multi-family or other redevelopment with many possibilities. Leased up at reasonable rents, this represents a 6.5%cap/return.
Location
State WA
County Island
Area _811Southwhidbeyis
Interior
Fireplace No
Exterior
Exterior Feature Cement/Concrete
Utilities Available Septic System
Roof Type Flat
Building
Sewer Septic Tank
Water Public
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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