2542 State Route 109, Ocean City, WA 98569
1,324 sq ft existing structure on two commercial lots minutes from the beach, suited for redevelopment or subdivision.
- Added:
- Mar 17, 2026
- Days on Market:
- 112
- Last Refresh:
- Jul 1 at 6:47 am
Property Features for 2542 State Route 109
General Information
- Standard status
- Active
- Size
- 1,324 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1956
Listing office Spivey Realty Group (360) 519-6886
Listing date Mar 17, 2026
Source Multifamilyspecialist
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 Spivey Realty Group
HighLights
- 1,324 sq ft existing commercial structure on two commercial lots
- Built in 1956
- Former laundromat and beauty shop with flexible redevelopment potential
- Can be divided into multiple commercial units or redeveloped with new commercial buildings
- Large multifamily and RV park concepts are possible based on the layout and lot size
Overview
Located at 2542 State Route 109 in Ocean City, WA 98569, the property is described as being just minutes from the beach. Its two-lot layout and generous lot dimensions are specifically called out as factors that can help accommodate different development approaches.
This offering is best suited for owners and developers looking for flexible, multi-lot real estate where an existing structure could be repositioned or where new construction could be pursued within the two-lot footprint. The site’s ability to be reconfigured for different development concepts makes it a practical fit for buyers evaluating redevelopment options rather than a single, fixed use.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.8k | $18.00 |
| − Vacancy | −$1.0k | −$0.76 |
| EGI | $22.8k | $17.24 |
| − OpEx | −$6.8k | −$5.17 |
| NOI | $16.0k | $12.07 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ocean City
- County
- Grays Harbor
- State
- Washington
- Longitude
- -124.1647
- Latitude
- 47.063972
