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Property profile & analytics
OFF-MARKET
Commercial real estate

1419 Commercial Ave Anacortes, WA 98221

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Little Caesars Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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