8754 Sr 525

    Clinton, WA 98236
    • $549,000
    • STATUS: Pending
    • ON SITE: 159 days
    • ID#: 1357448
    Under Contract
    UPDATED: 35 min ago
    $549,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Clinton
    Type:
    Commercial
    Built:
    1970
    County:
    Island
    Area:
    South Whidbey Island

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    Listing Courtesy of Windermere Real Estate Whidbey.

    Description

    Rare opportunity to purchase Whidbey Island Mixed Use - Water View Commercial Property. Located less than 1/4 mile from Clinton ferry terminal, this 1/4acre+ property includes A WATER VIEW APARTMENT plus over 5000sf of commercial/office/retail space with Highway Exposure and 16000+ average daily traffic count. Zoning allows for potential repositioning as multi-family or other redevelopment with many possibilities. Leased up at reasonable rents, this represents a 6.5%cap/return.

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    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 Kwasi Homes | Compass Washington (#5773) are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-02-21T17:16:25.073.

    www.kwasihomes.com/homes/87518823

    8754 Sr 525 Clinton, WA 98236

    • Price: $549,000
    • Status: Pending
    • Updated: 35 min ago
    • ID#: 1357448
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    1970
    Built
    Neighborhood:
    Clinton
    County:
    Island
    Area:
    South Whidbey Island
    Property Description
    Rare opportunity to purchase Whidbey Island Mixed Use - Water View Commercial Property. Located less than 1/4 mile from Clinton ferry terminal, this 1/4acre+ property includes A WATER VIEW APARTMENT plus over 5000sf of commercial/office/retail space with Highway Exposure and 16000+ average daily traffic count. Zoning allows for potential repositioning as multi-family or other redevelopment with many possibilities. Leased up at reasonable rents, this represents a 6.5%cap/return.
    Exterior Features

    Exterior Cement/Concrete Foundation Poured Concrete Loading 1-3 Bays Lot Depth 236 Lot Dimensions 137X236x109x153 Lot Topography And Vegetation Level Roof Flat Site Frontage 137 Style 60 - Comm Bldg Und 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 13 Waterfront Footage 0

    Interior Features

    Building Sq Ft 5681 Office Sq Ft 5681 Total Sq Ft Rented 1900

    Property Features

    Assessed Value Improvements 141157 Assessed Value Land 156000 Assessed Value Total 297157 Assessed Value Year 2018 Available Pads 0 Bank Owned No Boundary Survey 7.00 Cap Rate Y Electrical Expenses 0 Environment Survey N EPSEnergy 0 Expansion Area N Form17 Provided Free And Clear Y General Zoning Classification BusinessCommercialResidentialSee Remarks Gross Adjusted Income 44640 Gross Rent Multiplier 12 Gross Scheduled Income 48000 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1915 Net Operating Income 19168 Other Expenses 1189 Pad Ready N Possession See RemarksSub. Tenant's Rights Power Service Amps 0 Right Of First Refusal No Sewer Septic Tax Amount 2368 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 5472 Total Expenses TEX 5472 Total Monthly Rent 4000 Vacancy Rate 7 Water Sewer Garbage 0 Water Source Public Zoning Jurisdiction County

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Kwasi Homes | Compass Washington (#5773) and should be verified by the buyer.
    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 Kwasi Homes | Compass Washington (#5773) are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-02-21T17:16:25.073.

     
    Kwasi Homes | Compass Washington (#5773)
    2033 6th Ave, Suite 600
    Seattle WA, 98121
    Listing Courtesy of Windermere Real Estate Whidbey.