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    5320 Ferry Terminal Rd Anacortes, WA 98221

    For Sale
    $1,250,000

    Prime Mixed-Use Waterview Property, 2 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 2.02-acre property in Anacortes, Washington, presents a unique development opportunity. Located at 5320 Ferry Terminal Rd, 98221, this mixed-use (Marine) zoned land boasts stunning waterviews and a highly desirable location. Its proximity to the Washington State Ferry terminal and the Guemes Channel Trail offers unparalleled convenience and accessibility. The property's zoning allows for a variety of development options, including residential projects such as townhomes or apartments. There are no density maximums, providing flexibility in design within specified parking, landscaping, and height restrictions. The existing structure on the property, an old restaurant building, is considered a tear-down. Buyers should be aware that the building and decks are unsafe and should not be entered. This prime location, combined with the flexibility of mixed-use zoning and the absence of density restrictions, makes this a truly exceptional investment opportunity. The asking price for this remarkable waterfront property is $1,250,000. Broker co-op is available.

    Property Features for 5320 Ferry Terminal Rd

    General Information

    Property type
    Land
    Lot Size
    87,991 SF

    HighLights

    • $1,250,000 asking price.
    • 2.02‑acre land parcel.
    • Mixed‑use marine zoning.
    • Located at 5320 Ferry Terminal Rd, Anacortes, WA 98221.
    • Excellent development opportunity for residential, townhomes, or apartments; no density maximums.
    • Near Washington State Ferry terminal and Guemes Channel Trail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hotel & Motel Department Store Accounting Firm Furniture Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Anacortes
    County
    Skagit
    State
    Washington
    Longitude
    -122.676935
    Latitude
    48.5002766

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    FAQs

    What type of property is this?
    Land - Prime Mixed-Use Waterview Property, 2 Acres
    Where is this land located?
    The property is located at 5320 Ferry Terminal Rd Anacortes, WA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: $1,250,000 asking price.; 2.02-acre land parcel.; Mixed-use marine zoning.
    (360) 293-8008
    Request Owner's contact information
    5320 Ferry Terminal Rd Anacortes, WA 98221
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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
    5320 Ferry Terminal Rd Anacortes, WA 98221
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