High Visibility Corner
For Sale
$965,000
Pending
1120 Commercial Ave, Anacortes, WA 98221
Prime corner lot with income-producing NNN ground lease.
Property Size12,987 SF
Days on Market475
Property Features for 1120 Commercial Ave
General Information
Standard status
Pending
Size
12,987 SF
Property subtype
Commercial
Building Details
Year Built
1993
Listing Agency:
JOHN L. SCOTT - ANACORTES
(360) 293-2161
Listed By:
ALLEN WORKMAN
Source:
Corcoran
Added: May 12, 2025
Changed: Jul 6
Last Checked: Jul 23 at 8:00AM
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 JOHN L. SCOTT - ANACORTES
Investment Insights
Based on property information with market context.
This is a rare opportunity to own a premier corner lot located at the busiest intersection in Anacortes, directly across from Safeway, the busiest shopping center in town. The property benefits from high traffic counts and exposure from all four corners. The sale includes the land only, with an income-producing NNN ground lease in place through 2029, with two options to renew through 2039. The property is zoned Commercial, offering flexible use options such as retail, office, housing, and more. It features excellent access from both Commercial Ave and 12th St. The property provides strong current cash flow with future redevelopment potential. The current ground lease has an end term in 2029 with two 5-year options to renew through 2034 and 2039, including yearly adjustments of 6%. The lease is NNN. The property size is 12987 square feet.
Key Highlights
- Prime corner lot location at the busiest intersection in Anacortes, across from Safeway.
- Income‑producing NNN ground lease in place through 2029 with options to renew through 2039.
- High visibility and traffic counts from four corners.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
Explore this area
Business Placement
Demographics for 98221, WA
22,853
Population
12,177
Households
1.9
Avg Household Size
52
Median Age
46%
College-Educated
96%
High-School Grad
51.9 sq mi
ZIP Area
440
Density / Sq Mi
$92,925
Median Household Income
$53,710
Median Earnings
$1,596
Median Rent
$659,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Prime corner lot with income-producing NNN ground lease.
Where is this commercial land located?
The property is located at 1120 Commercial Ave Anacortes, WA.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: Prime corner lot location at the busiest intersection in Anacortes, across from Safeway.; Income‑producing NNN ground lease in place through 2029 with options to renew through 2039.; High visibility and traffic counts from four corners.
