2320 Commercial Avenue, Anacortes, WA 98221
- $750,000
Listing courtesy of John L. Scott Anacortes.
- List Price
- $750,000
- Status
- ACTIVE
- MLS#
- 2550410
- Price Change
- ▼ $75,000 1786132084
- Days on Market
- 63
- Annual Tax Ammount
- 6174
Property Description
Attention Developers, Investors & Owner-Users! Secure a strategic position in the future of Anacortes with this highly visible commercial property located at the corner of 24th Street and Commercial Avenue. Situated on approximately 9,000 square feet of commercially zoned land, the property offers compelling long-term redevelopment potential along one of the city’s busiest commercial corridors. While the site presents an excellent opportunity for future development, the existing building has plenty of useful life remaining, providing immediate possibilities for professional offices, retail, healthcare, service businesses, or other commercial uses. This creates the flexibility to occupy or generate income from the property today while planning for its longer-term potential. Surrounded by established retail, restaurants, automotive businesses, professional services, and other commercial uses, the property benefits from excellent visibility, convenient access, and dual signage opportunities. Whether repositioning the existing building, holding for investment, or pursuing future redevelopment, this is a versatile commercial opportunity in the heart of Anacortes.
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Additional Information
- Community
- Anacortes
- Building Condition
- Good
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1900
- # of Assigned Spaces
- 8
- Roof
- Composition
- Tax Year
- 2026
- Potential Terms
- Cash, Conventional
- Flooring
- Laminate, Vinyl, Carpet
- Driving Directions
- I5 North, Exit 230 to Anacortes. North on Commercial Ave to 24th St. Property on SW corner of 24th and Commercial.
- Electric Expenses
- 2409
- Other Expenses
- 2525
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $25,980
- Gross Scheduled Income
- $42,000
- Water/Sewer/Garbage Expenses
- $2,043
- Cap Rate
- 3.1
- Total Expenses
- $16,020
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.