415 O Ave Anacortes, WA 98221

This exceptional commercial land opportunity in Anacortes, Washington, presents a unique investment prospect. Located at 415 O Avenue, 98221, this property is situated in a high-traffic area, a short distance from the vibrant Commercial Avenue, known for its diverse restaurants and shops. The land is currently leased to a successful three-screen cinema complex showing first-run movies and concert films, ensuring a consistent stream of revenue. The existing tenant, who wishes to remain, owns all projection equipment and is keen to continue operations. The cinema boasts a two-story lobby with recently renovated bathrooms and a food court area with significant potential for expansion and improvement. The property benefits from its proximity to several established businesses with back entrances and outdoor seating areas directly adjacent to the public parking lot shared by the cinema. The land itself is leased from the City of Anacortes, offering a stable and secure foundation for this investment. This is a rare chance to acquire a profitable, established business location in a desirable area with strong potential for future growth and development. The asking price for this exceptional opportunity is $550,000.