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1609 R Ave Anacortes, WA 98221

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For Sale
$5,995,000

12,627 SF retail building with a new 10-year lease.

Property size:
12,627 SF
Lot size:
1.12 Acres

Property Features for 1609 R Ave

General Information

Size
12,627 SF
Lot size
1.12 Acres

Source: Learned Commercial, Inc. Agent Clay Learned

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


Overview

Retail Building with Leaseback Opportunity

This 12,627 square foot retail building is situated on a 1.13-acre lot. Currently occupied by Thrive Community Fitness, the property is offered with a sale-leaseback arrangement, featuring a new 10-year lease at closing, including renewal options. The lease incorporates annual rental rate increases of 2.5%. The property is well-maintained and benefits from recent improvements. Zoned MMU (Marine Mixed Use), this property presents a promising investment opportunity.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Thrive Community Fitness Fitness Center Eat The Frog Fitness ... Fitness Center

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Anacortes
County
San Juan
State
Washington
Longitude
-122.6087113
Latitude
48.5089771

FAQs

What type of property is this?
Retail space - 12,627 SF retail building with a new 10-year lease.
Where is this retail space located?
The property is located at 1609 R Ave Anacortes, WA.
What is the asking price?
The asking price for this property is $5,995,000.
What are key features of this property?
This property features: - New 10-year lease with renewal options at closing provides immediate and stable income.; - Sale/leaseback arrangement ensures occupancy and cash flow from day one.; - 2.5% annual rental rate increases offer built-in revenue growth.
More about this property
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