Listing Agency: Windermere Real Estate Co. g***@pacnwrealtor.com Show Phone

Listed By: Glenda Fabrizio · License #119630 Show Phone

Source: Exprealty

Added: Feb 27, 2025 Changed: Aug 20 Last Checked: Aug 21 at 10:30AM

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Investment Insights

Based on property information with market context.

The Port Susan Professional Building presents an investment opportunity with 57% of the building potentially available for owner occupancy as of January 2026. This multi-tenant office building features a mix of essential service tenants, providing a stable income stream. The property benefits from large parking lots, easy access, and a central location. Recent upgrades include septic system renovations and building improvements. Situated in the Camano Country Club neighborhood, the property offers mountain views and a peaceful setting. Its Rural Village zoning and prime location contribute to lasting value and visibility. The property benefits from an established clientele base and a strategic location in a high-traffic area, which ensures a steady flow of customers and business opportunities. The property has a 6.7% CAP.

Key Highlights

• Prime location in a high‑traffic area with easy access and visibility.
• Investment potential with 57% of the building available for owner occupancy in 2026 and a 6.7% CAP rate.
• Stable income from a diverse mix of essential service tenants.

Property Analytics

Property Profile

Current Use

Office buildings

Suggested Use

Top Pick Building Supply Hair Salon HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

60

Businesses Nearby

Explore this area Business Placement

Demographics for 98282, WA

17,356

Population

8,832

Households

2

Avg Household Size

56

Median Age

34%

College-Educated

96%

High-School Grad

40.4 sq mi

ZIP Area

430

Density / Sq Mi

$100,124

Median Household Income

$58,083

Median Earnings

$1,710

Median Rent

$600,300

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Multi-tenant office building with mountain views and high visibility.

Where is this office building located?

The property is located at 1283 Elger Bay Rd Camano Island, WA.

What is the asking price?

The asking price for this property is $1,345,000.

What are key features of this property?

This property features: Prime location in a high‑traffic area with easy access and visibility.; Investment potential with 57% of the building available for owner occupancy in 2026 and a **6.7% CAP rate**.; Stable income from a diverse mix of essential service tenants.