Commercial Avenue Multi-Tenant Retail
For Sale
$3,800,000
1411 Commercial Ave, Anacortes, WA 98221
Multi-tenant retail building with high visibility and value-add potential.
Property SizeContact for details
Days on Market608
Property Features for 1411 Commercial Ave
General Information
Standard status
Active
Building Details
Year Built
1979
Listing Agency:
WINDERMERE REAL ESTATE-ANACORTES
Listed By:
NATE SCOTT
Source:
Corcoran
Added: Dec 31, 2024
Changed: Mar 16
Last Checked: Jul 23 at 8:27AM
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 WINDERMERE REAL ESTATE-ANACORTES
Investment Insights
Based on property information with market context.
This multi-tenant building is located on Commercial Avenue, a main commercial corridor, and offers excellent visibility and high traffic count. The property is currently occupied by long-term tenants, with one vacancy. Existing leases are generally under market rate, presenting a value-add opportunity as leases come due.
Key Highlights
- High visibility and traffic count on Anacortes' main commercial corridor.
- Multi‑tenant building with strong, long‑term tenants.
- Value‑add opportunity through increasing lease rates to market value as leases come due.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,248
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Multi-tenant retail building with high visibility and value-add potential.
Where is this retail space located?
The property is located at 1411 Commercial Ave Anacortes, WA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: High visibility and traffic count on Anacortes' main commercial corridor.; Multi‑tenant building with strong, long‑term tenants.; Value‑add opportunity through increasing lease rates to market value as leases come due.
