Back to Search

Freeland Investment Property For Sale

5589 Harbor Avenue, Freeland, WA 98249

View on Map

For Sale

$695,000

Freeland commercial property with established tenants and additional income potential.

Type:General Commercial

Property size:

500 SF

Price / SF:

$1,390/SF

HighLights

Prime location in Freeland.
Great investment opportunity with an 8% Cap Rate.
Existing tenants include Farmer Insurance and Chicago Title & Escrow.
Additional income of $12,000 per year from leased office space.
14 Parking Spaces available.
Central Air and Wall Air Conditioning.

We can help!

Listing Contact

Mary Matthew

For Sale

$695,000

Freeland commercial property with established tenants and additional income potential.

Type:General Commercial

Property size:

500 SF

Price / SF:

$1,390/SF

Added:: Nov 14, 2024
Days on Market:: 574
Last Refresh:: May 13 at 8:03 pm

Property Features for 5589 Harbor Avenue

General Information

Standard status: Active
Size: 500 SF
Property subtype: General Commercial

Building Details

Year Built: 1978

We can help!

Listing Contact

Mary Matthew

Listing agent Mary Matthew

Listing office Windermere RE/South Whidbey

Listing date Nov 14, 2024

Source Xome

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Windermere RE/South Whidbey

HighLights

Prime location in Freeland.
Great investment opportunity with an 8% Cap Rate.
Existing tenants include Farmer Insurance and Chicago Title & Escrow.
Additional income of $12,000 per year from leased office space.
14 Parking Spaces available.
Central Air and Wall Air Conditioning.

Overview

This commercial property is located in Freeland and is currently occupied by Farmer Insurance and Chicago Title & Escrow. An additional 500-square-foot office space will be available for lease, starting in May, at a rate of $2.00 per square foot. Leasing this space would add $12,000 per year in income. The property is presented as an investment opportunity.

Property Profile Location Intelligence

Current Use by Public Records

UPS Self-Serve Drop ... Shipping Company Premier Title of Island ... Bank Farmers Insurance - James ... Insurance Agency

Suggested Use

Similar Places Nearby

Flowers By the Bay — 1609 E Main St, Freeland, WA 98249

Location Insight

Map
Local Demand

City: Freeland
County: Island
State: Washington
Longitude: -122.523656
Latitude: 48.0081701

Nearby Similar for Sale

$1,625,000

Freeland Specialty Property For Sale

Specialty property available for purchase in Freeland, Washington.

1592 Main St, Freeland, WA

View Details
$395,000

Established Home Services Business For Sale

Turnkey home services business with existing contracts and equipment included.

0 XXX S Antelope Dr, Freeland, WA, 98249

View Details

For sale
Storefront properties
WA
Freeland
98249
5589 Harbor Avenue

What type of property is this?

Storefront property - Freeland commercial property with established tenants and additional income potential.

Where is this storefront property located?

The property is located at 5589 Harbor Avenue Freeland, WA.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: Prime location in Freeland.; Great investment opportunity with an **8% Cap Rate**.; Existing tenants include Farmer Insurance and Chicago Title & Escrow.