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    107 Main St Coupeville, WA 98239

    For Sale
    $6,600,000

    Established Retail & Office Complex on Main Street

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional investment opportunity presents a well-established, multi-building commercial complex located at 107 S Main Street in the heart of Coupeville, WA. The property, comprised of seven buildings totaling a diverse range of suite sizes from approximately 120 square feet to 2,728 square feet, offers a strong and stable income stream. Many tenants have enjoyed long-term occupancy, exceeding 10 years in several instances. Notable tenants include established businesses such as Penn Cove Vet Clinic, Coupeville Dental, and Peoples Bank, demonstrating the property's appeal and desirability. Strategically situated on Main Street and Highway 20, the primary arterial for Whidbey Island, the complex benefits from high visibility and convenient access via a signalized intersection. Ample on-site parking is available for tenants and customers. The property boasts a unique advantage: the current owner, who designed and built the complex in phases between 2001 and 2005, has provided meticulous self-management, offering a wealth of knowledge and operational insight to a prospective buyer. This turnkey investment presents a rare opportunity to acquire a proven, high-performing commercial property in a thriving island community. The asking price is $6,600,000. The lot size is 0 acres. The property is classified as General Commercial.

    Property Features for 107 Main St

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    2001
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Whidbey Acupuncture + Herbs Acupuncture Clinic Penn Cove Veterinary ... Veterinarian Central Whidbey Chamber-Commerce Chamber Of Commerce Lori B. Taylor, ... Nutritionist Marisa Larue, MA Counselor

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coupeville
    County
    Island
    State
    Washington
    Longitude
    -122.6853
    Latitude
    48.21128

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Established Retail & Office Complex on Main Street
    Where is this commercial real estate located?
    The property is located at 107 Main St Coupeville, WA.
    What is the asking price?
    The asking price for this property is $6,600,000.
    (360) 733-3030
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    107 Main St Coupeville, WA 98239
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