Freeland, WA 98249 5577 Vanbarr Place
$897,500
34 more
Presented By: Windermere Whidbey Island and NWMLS
- MLS# 2318520
- 12/26/2024
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
Home Details
Excellent investment opportunity w/this commercial building in the heart of Freeland, WA on beautiful Whidbey Island. Currently a successful medical practice, this property sees a 7.7% cap rate w/long-term triple net tenants. The building underwent an extensive remodel in 2016. Improvements include: NEW store front, LVP flooring, snaploc metal roof, HVAC, water heater w/recirculating pump, solid oak doors, 6 exam rooms complete w/sinks, interior & exterior paint, upgraded fiberoptic cabling, lighting, bath fixtures, maple cabinets throughout, & 1 procedure room w/storage, sink & operatory light. Property sale includes grade level storage containers w/8 bays behind the building. Well maintained w/solid tenants equals a great opportunity!
Presented By: Windermere Whidbey Island and NWMLS
Interior Features for 5577 Vanbarr Place
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NYes
Ceiling Height9
Fireplace Y/NNo
FlooringVinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
General for 5577 Vanbarr Place
Building Area UnitsSquare Feet
Building FeaturesDisabled Access, Signage Included, Storage
Cap Rate8
Carport Y/NNo
CityFreeland
CoolingHeat Pump
CountyIsland
DirectionsFrom Hwy 525 to Freeland turn onto Main Street to Right on Vanbarr Place. Building is last on the left.
HOANo
HOA Fee$
Heating90%+ High Efficiency, Heat Pump, Hot Water Recirc Pump
Listing TermsCash Out, Conventional
Lot Size Square Feet15246
Lot Size UnitsSquare Feet
MLS Area811 – South Whidbey Island
ModificationTimestamp2025-09-20T00:13:11.120Z
NWM_ShowMapLinkY
Net Operating Income76650
PossessionClosing, Subject to Tenant Rights
Possible UseCommercial, Office
Property ConditionGood
Property Style60 – Comm Bldg Und 10K
Property SubtypeCommercial Industrial
Property TypeCommercial Sale
Public RemarksExcellent investment opportunity w/this commercial building in the heart of Freeland, WA on beautiful Whidbey Island. Currently a successful medical practice, this property sees a 7.7% cap rate w/long-
RoofMetal
Senior Community Y/NNo
SewerSeptic Tank
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeUnspecified
Subdivision NameFreeland
Tax Year2024
TopographyLevel
Total Actual Rent6500
Virtual TourClick here
Water CompanyFreeland Water
Year Built1976
Zoning DescriptionCommercial, Office
Exterior for 5577 Vanbarr Place
Building Area Total
Exterior AmenitiesCement/Concrete
Foundation DetailsSlab
Irrigation Water Rights Y/NNo
Lot Size Acres0.35
Parking Uncovered Total22
Total Parking22
Water SourcePublic
Additional Details
Price History
Josh QA1
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