24-Unit Retail
For Sale
$2,525,000
869 849 Spring Street, Friday Harbor, WA 98250
Five buildings provide a multi-tenant retail configuration with Spring Street frontage and on-site parking.
Property Size20,000 SF
Price / SF$126.25
Days on Market131
Property Features for 869 849 Spring Street
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Commercial Industrial
Additional Details
Cap Rate
6.5%
Sprinkler System
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$13,470
Building Details
Year Built
1993
Buildings
5
Tenancy
Multi
Listing Agency:
Windermere RE San Juan Islands
Listed By:
Gregory King · License #77332
(360) 378-3600
Source:
Lapishomesre
Added: Jun 22
Changed: Oct 26
Last Checked: Oct 26 at 2:33PM
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 San Juan Islands
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Investment Insights
Based on property information with market context.
This retail property comprises five buildings with approximately 20,000 square feet configured as 24 units. A diverse tenant mix occupies the property, which is operating near capacity. Improvements include a fire suppression system, updated landings and railings, and exterior paint; the buildings date to 1993.
Spring Street frontage and on-site parking serve the property, with the hospital and airport nearby. The offering includes two tax parcels and an additional 0.55-acre vacant lot. The property currently produces a 6.5% cap rate, with a projected 7.8% upon stabilization.
Spring Street frontage and on-site parking serve the property, with the hospital and airport nearby. The offering includes two tax parcels and an additional 0.55-acre vacant lot. The property currently produces a 6.5% cap rate, with a projected 7.8% upon stabilization.
Key Highlights
- Five buildings totaling approximately 20,000+- square feet, configured as 24 units
- Current 6.5% cap rate; projected 7.8% upon stabilization
- Includes two tax parcels and an additional 0.55+- acre vacant lot
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,049
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Home Improvements & Furnishings 28%
Ace Hardware
Home Improvements & Furnishings
5,662 visits/mo
0.4 miles
76
Shops & Services
4,017 visits/mo
0.4 miles
Shell
Shops & Services
3,493 visits/mo
0.5 miles
Wells Fargo
Shops & Services
3,000 visits/mo
0.4 miles
KeyBank
Shops & Services
1,951 visits/mo
0.5 miles
Demographics for 98250, WA
8,632
Population
5,998
Households
1.4
Avg Household Size
54
Median Age
51%
College-Educated
95%
High-School Grad
61.1 sq mi
ZIP Area
141
Density / Sq Mi
$90,146
Median Household Income
$42,395
Median Earnings
$1,498
Median Rent
$745,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Five buildings provide a multi-tenant retail configuration with Spring Street frontage and on-site parking.
Where is this retail space located?
The property is located at 869 849 Spring Street Friday Harbor, WA.
What is the asking price?
The asking price for this property is $2,525,000.
What are key features of this property?
This property features: Five buildings totaling approximately 20,000+- square feet, configured as 24 units; Current 6.5% cap rate; projected 7.8% upon stabilization; Includes two tax parcels and an additional 0.55+- acre vacant lot
