1120 Commercial Ave, Unit Anacortes Anacortes, WA 98221
Property Features for 1120 Commercial Ave
General Information
- Size
- 12,987 SF
Building Details
- Year built
- 1993
Source:
Corcoran
Listing Agent: Allen Workman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
High Visibility Corner Lot
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
BECU ATM
Atm
Whidbey Coffee
Cafe
Location Insight
- Map
- Local Demand
- City
- Anacortes
- County
- San Juan
- State
- Washington
- Longitude
- -122.6134369
- Latitude
- 48.5132047
Nearby Similar for Sale
FAQs
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, Unit Anacortes 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.