Description
$100, 000 Price Reduction. This is an exceptional value as a cash flow investment and a long term hold, as well. 6.5 Cap rate. An excellent tenant in "Furniture World" who has been a tenant for over 20 years and wants to stay. This is the closest Commercial Building to the Whidbey Island Naval Air Station (150 feet from the main entrance to the Base). The current owner recently Silver Coated the entire roof in the last two years, upgraded the well, water system, septic system, & did major improvements to the storm water system. Substantial upgrades to the interior of the building as well.. The second tenant is the closest expresso drive up to the Naval base. The lot is 1.25 acres, the building is 26,120sq.ft.
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0BEDS
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1.25ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Listing information ©2023 Northwest MLS. Listing courtesy of Fairhaven Realty Br Of Lakeway.
Sold by .Description
$100, 000 Price Reduction. This is an exceptional value as a cash flow investment and a long term hold, as well. 6.5 Cap rate. An excellent tenant in "Furniture World" who has been a tenant for over 20 years and wants to stay. This is the closest Commercial Building to the Whidbey Island Naval Air Station (150 feet from the main entrance to the Base). The current owner recently Silver Coated the entire roof in the last two years, upgraded the well, water system, septic system, & did major improvements to the storm water system. Substantial upgrades to the interior of the building as well.. The second tenant is the closest expresso drive up to the Naval base. The lot is 1.25 acres, the building is 26,120sq.ft.
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Tribeca NW Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2023-06-10T00:15:56.6. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2023-06-10T00:15:56.6. 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.