107 S Main St Coupeville, WA 98239
For Sale
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Property summary
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 profile
VerifiedCap rate & NOI
Current use
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Medical Clinic Alternative Medicine Practice
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Veterinary Clinic
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Business Service Center Advocacy Group
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Physician
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Counselor
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
CP · Coupeville, WAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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