www.kwasihomes.com/homes/87518823
8754
Sr 525
Clinton,
WA
98236
Area:
South Whidbey Island
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
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
Building Sq Ft
5681
Office Sq Ft
5681
Total Sq Ft Rented
1900
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.