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Two-Level Office Building
New
For Sale
$1,700,000

5531 Freeland Avenue, Freeland, WA 98249

The owner-occupied property is expected to transfer vacant, with a mix of private offices, meeting rooms, and open work areas.

Property Size9,594 SF
Lot Size1.11 Acres
Price / SF$177.19
Days on Market3

Property Features for 5531 Freeland Avenue

General Information

Standard status Active
Size 9,594 SF
Lot size 1.11 Acres
Property subtype Commercial Industrial
Occupancy 100%

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Asking Price $1,700,000

Amenities

covered patio
lounge and training room
mature landscaping

Building Details

Year Built 2007
Buildings 1
Stories 2
Construction wood frame
Tenancy Single
Owner Occupied Yes
Listing Agency: Windermere RE Anacortes Prop.
Listed By: Nate Scott
Source: Bhgmckenzierealty
Added: Oct 8 Changed: Oct 10 Last Checked: Oct 10 at 2:40AM

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 RE Anacortes Prop.

Investment Insights

Based on property information with market context.

Completed in 2007, this two-level office building contains 9,594 square feet, including 7,737 square feet of finished office space. The layout includes reception, private offices, three conference rooms, open work areas, a server room, restrooms, storage, and mechanical rooms. A lounge and training room connect to a covered patio, and the plans identify unfinished area for future development. The owner-occupied property is expected to be vacant at closing.

The 1.11-acre corner parcel fronts Freeland Avenue and State Route 525, with vehicle access from Freeland Avenue. A paved parking lot sits east of the building; mature landscaping and the septic drainfield occupy portions of the site.

Key Highlights

  • 9,594‑square‑foot building with 7,737 square feet of finished office space
  • Built in 2007 on a 1.11‑acre corner parcel
  • Frontage on Freeland Avenue and State Route 525; access from Freeland Avenue

Property Analytics

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Current Use

Jessica Hart Whidbey ... Real Estate Agency ATM (Us Bank) Atm Sarah Stone Windermere ... Real Estate Agency Lynne Hunsaker, Windermere ... Real Estate Agency Sandra Stipe Real Estate Agency

Suggested Use

Top Pick Big Box & Wholesale Store Grocery & Convenience Store Locksmith Auto Parts Store (Bike/Boat/Book/etc) Store Auto Repair Shop

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

Lease Details

100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

509
Businesses Nearby

Demographics for 98249, WA

5,056
Population
3,283
Households
1.5
Avg Household Size
60
Median Age
46%
College-Educated
95%
High-School Grad
15.9 sq mi
ZIP Area
318
Density / Sq Mi
$99,583
Median Household Income
$53,261
Median Earnings
$1,648
Median Rent
$585,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - The owner-occupied property is expected to transfer vacant, with a mix of private offices, meeting rooms, and open work areas.
Where is this office building located?
The property is located at 5531 Freeland Avenue Freeland, WA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 9,594‑square‑foot building with 7,737 square feet of finished office space; Built in 2007 on a 1.11‑acre corner parcel; Frontage on Freeland Avenue and State Route 525; access from Freeland Avenue
More about this property
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