Super investment opportunity with 100% occupancy and a 6.7% cap rate which is rare if not unheard of on South Whidbey. One level brick building with 3 tenants - 4 spaces located in Freeland South Whidbey's business hub. Many upgrades in past years including septic, roof, interior wiring, ductless mini-splits & tenant improvements. This building has been maintained & is in great condition. 12 parking spots, backyard has area for storage, office picnics & more! Do not disturb tenants, by appointment only!
MLS# | 2298045 |
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Listing Type | For Sale |
Style | Commercial |
Sub-Type | Resale |
Status | Active |
Year | 1962 |
Days On Site | 205 |
Listing Provided By | John L. Scott Whidbey Island S | Cheryl A Keefe |
Units | 3 |
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Zoning | Business,Commercial,Office,Retai |
Acreage | 0.28 |
State | WA |
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County | Island |
City | Freeland |
Zip Code | 98249 |
Area | 811 South Whidbey Island |
Community Name | Freeland |
Listing VS Median (in Freeland) | |
Price: $595,000 low | high Med: $799,000 On site: 205 low | high Med: 227.000000 |