Freeland, WA 98249 5570 Harbor Avenue
$595,000
Pending
1 more
Presented By: John L. Scott Whidbey Island S and NWMLS
- MLS# 2298045
- 10/04/2024
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
Home Details
Super investment opportunity with 100% occupancy and a 6.7% cap rate which is rare if not unheard of on South Whidbey. One level brick building with 3 tenants – 4 spaces located in Freeland South Whidbey’s business hub. Many upgrades in past years including septic, roof, interior wiring, ductless mini-splits & tenant improvements. This building has been maintained & is in great condition. 12 parking spots, backyard has area for storage, office picnics & more! Do not disturb tenants, by appointment only!
Presented By: John L. Scott Whidbey Island S and NWMLS
Interior Features for 5570 Harbor Avenue
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringVinyl, Carpet
Heating Y/NYes
Power Production TypeElectric, Propane, See Remarks
Total Fireplaces
General for 5570 Harbor Avenue
Building Area UnitsSquare Feet
Building FeaturesDisabled Access
Cap Rate6.7
Carport Y/NNo
CityFreeland
CoolingDuctless
CountyIsland
DirectionsFrom Ferry N on 525 to Freeland – Right on S Harbor Ave building on left approx 400 ft. – By Appointment only. Do not disturb tenants.
HOANo
HOA Fee$
HeatingDuctless, Radiant, Stove/Free Standing, Wall Unit(s)
Insurance Expense2642
Listing TermsCash Out, Conventional
Lot Size Square Feet12197
Lot Size UnitsSquare Feet
MLS Area811 – South Whidbey Island
ModificationTimestamp2025-09-11T22:51:10.346Z
NWM_ShowMapLinkY
Net Operating Income40399
Number Of Units Total3
PossessionClosing, Subject to Tenant Rights
Possible UseBusiness, Commercial, Office, Retail
Property ConditionVery Good
Property Style60 – Comm Bldg Und 10K
Property SubtypeCommercial Industrial
Property TypeCommercial Sale
Public RemarksSuper 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 Wh
RoofSee Remarks, Torch Down
Senior Community Y/NNo
SewerSeptic Tank
Special Listing ConditionsNone
Standard StatusPending
StatusPending Feasibility
Structure TypeUnspecified
Subdivision NameFreeland
Tax Annual Amount1587
Tax Year2025
TopographyLevel
Total Actual Rent3647
Virtual TourClick here
Water CompanyFreeland
Year Built1962
Zoning DescriptionBusiness, Commercial, Office, Retail
Exterior for 5570 Harbor Avenue
Building Area Total
Exterior AmenitiesBrick, Cement/Concrete
Foundation DetailsSlab
Irrigation Water Rights Y/NNo
Lot Size Acres0.28
Parking Uncovered Total12
Site Frontage76
Total Parking12
Water SourcePublic
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®