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    911 29Th St Anacortes, WA 98221

    Sponsored
    For Sale
    $695,000

    Prime Anacortes Location, High Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 2,488 square foot commercial building, situated on a 0.14-acre lot at 911 29th Street in Anacortes, WA, presents a compelling investment opportunity. Currently operating as a hair salon with month-to-month tenants, the property offers immediate income potential. Most of the existing salon equipment will remain with the sale, excluding tanning beds. The building's construction features a post-and-pier foundation in the front and poured concrete in the rear, ensuring structural integrity. Zoned for commercial use, this property boasts significant upside potential. The zoning allows for the addition of residential units above the first floor, with no maximum density restrictions. This presents a unique chance to combine commercial space on the ground floor with residential units above, capitalizing on the growing demand for housing in the area. The property's strategic location is further enhanced by the planned development of commercial and retail space, along with apartments, across the street. This neighboring development promises increased foot traffic and a thriving commercial environment, making this an ideal investment for both short-term income and long-term appreciation. The asking price is $695,000. This is a rare chance to acquire a versatile property in a rapidly developing area of Anacortes.

    Property Features for 911 29Th St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1932
    Property Profile Location Intelligence

    Current Use by Public Records

    Kelsy L. Graves, ... Massage Therapist Studio 29 Inc Hair Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Anacortes
    County
    Skagit
    State
    Washington
    Longitude
    -122.6121
    Latitude
    48.49858

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Anacortes Location, High Potential
    Where is this commercial real estate located?
    The property is located at 911 29Th St Anacortes, WA.
    What is the asking price?
    The asking price for this property is $695,000.
    (360) 293-8008
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    911 29Th St Anacortes, WA 98221
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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
    911 29Th St Anacortes, WA 98221
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