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    656 SE Oak Harbor St Oak Harbor, WA 98277

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    For Sale
    $3,200,000

    Fully leased retail building in Oak Harbor's Historic Downtown.

    Property size:
    28,166 SF

    Property Features for 656 SE Oak Harbor St

    General Information

    Standard status
    Active
    Size
    28,166 SF

    Building Details

    Year built
    1960

    Source: WINDERMERE R.E./WHIDBEY MANAGEMENT SERVICES Agent JASON MCFADYEN

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

    Overview

    Fully Leased Retail Building

    This fully-leased building is located in Oak Harbor's Historic Downtown and offers long-term leases and income potential. The property includes retail shops along Pioneer and units on Bayshore. A new roof has been installed. Tenants include hair salons, trading cards and collectibles shops, churches, the DMV, a nail salon, a flooring and cabinet store, and a BBQ restaurant. The property provides parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Harbor
    County
    Island
    State
    Washington
    Longitude
    -122.654503
    Latitude
    48.305286

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    FAQs

    What type of property is this?
    Retail space - Fully leased retail building in Oak Harbor's Historic Downtown.
    Where is this retail space located?
    The property is located at 656 SE Oak Harbor St Oak Harbor, WA.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - Fully-leased building providing immediate and consistent income.; - Long-term leases ensuring stable revenue streams.; - Prime location in Oak Harbor's Historic Downtown.
    Request Owner's contact information
    656 SE Oak Harbor St Oak Harbor, WA 98277
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    Oak Harbor, WA 98277
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    656 SE Oak Harbor St Oak Harbor, WA 98277
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