Downtown Langley Landmark
For Sale
$2,495,000
105 1st St, Langley, WA 98260
Updated commercial property with strong tenants and high cap rate.
Property Size8,620 SF
Price / SF$289.44
Days on Market405
Property Features for 105 1st St
General Information
Standard status
Active
Size
8,620 SF
Taxes and HOA fees
Annual Taxes
$15,230
Listing Agency:
Better Homes&Gardens McKenzie
(360) 639-4070
Listed By:
James Woessner · License #27193
(360) 639-4070
Source:
Exprealty
Added: Jul 22, 2025
Changed: Aug 25
Last Checked: Aug 29 at 11:13AM
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 Better Homes&Gardens McKenzie
Investment Insights
Based on property information with market context.
This commercial property is located in downtown Langley. The building has been recently updated and features three tenants. Two tenants are secured with new, long-term NNN leases, while the third operates on a flexible month-to-month lease. Recent upgrades include fresh exterior paint, a new fire suppression system, sprinklers, and a modernized lobby with elevator access. The property includes 12 dedicated parking spaces, supplemented by street parking. The property size is 8620 square feet.
Key Highlights
- High Cap Rate: Offers nearly a 7% cap rate, indicating strong investment potential.
- Long‑Term Leases: Two tenants secured with brand‑new, long‑term NNN leases, providing stable income.
- Prime Location: Located in the heart of downtown Langley, a premium and desirable area.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Explore this area
Business Placement
Demographics for 98260, WA
5,844
Population
3,296
Households
1.8
Avg Household Size
60
Median Age
54%
College-Educated
98%
High-School Grad
26.2 sq mi
ZIP Area
223
Density / Sq Mi
$100,490
Median Household Income
$56,645
Median Earnings
$1,455
Median Rent
$646,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated commercial property with strong tenants and high cap rate.
Where is this mixed-use property located?
The property is located at 105 1st St Langley, WA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: High Cap Rate: Offers nearly a 7% cap rate, indicating strong investment potential.; Long‑Term Leases: Two tenants secured with brand‑new, long‑term NNN leases, providing stable income.; Prime Location: Located in the heart of downtown Langley, a premium and desirable area.
