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Freeland,WA 98249
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Freeland
MLS Listing ID 2309044
Style 73 - Office
Year Built 1978
Annual Tax Amount $2,820
Lot Size 0.270 Acres
Property Description
Prime Location in Freeland. Solid businesses occupies two spaces Farmer Insurance and Chicago Title & Escrow. There is one 500 square foot office that is currently not leased. The going rate for this space is $2.00 per square foot, so if it was occupied it would add $12,000 per year in income so the cap rate would increase to 8.1%. This is a great investment property.
Location
State WA
County Island
Area 811 - South Whidbey Island
Interior
Flooring Ceramic Tile,Vinyl,Carpet
Exterior
Exterior Feature Wood
Roof Type Metal
Building
Sewer Septic Tank
Water Public
Others
Acceptable Financing Conventional
Listing Terms Conventional