1419 Commercial Ave Anacortes, WA 98221
This exceptional Anacortes investment opportunity presents a multi-tenant commercial building situated on a highly visible section of Commercial Avenue, the city's primary commercial corridor. Boasting an impressive 14,394 rentable square feet within a modern 15,379 square foot building, the property enjoys a strong tenant base with long-term leases. The building is one of Anacortes' most recognizable retail strip centers, known for its excellent tenant mix and ample parking. Its prime location on Commercial Avenue ensures high visibility and significant foot traffic, with an average daily count of 14,000 vehicles passing by. The property sits on a substantial 33,050 square foot commercially zoned lot, offering potential for future expansion or redevelopment. Currently, only one space is recently vacated, presenting an immediate opportunity for new income generation. This is a rare chance to acquire a well-established, high-performing commercial property in a thriving Anacortes location. The asking price is $3,800,000.
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Little Caesars Pizza Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.