Bought with Frontier Realty
$575,000
$595,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
5570 Harbor AVE Freeland, WA 98249
0.28 Acres Lot
Key Details
Sold Price $575,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Freeland
MLS Listing ID 2298045
Sold Date 11/07/25
Style 60 - Comm Bldg Und 10K
Year Built 1962
Annual Tax Amount $1,587
Lot Size 0.280 Acres
Property Sub-Type Commercial Industrial
Property Description
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!
Location
State WA
County Island
Area 811 - South Whidbey Island
Interior
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Brick, Cement/Concrete
Roof Type See Remarks,Torch Down
Building
Sewer Septic Tank
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"Three Trees" icon indicates a listing provided courtesy of NWMLS.