1419 Commercial Ave Anacortes, WA 98221
This exceptional retail opportunity is located in the Islander Building, a highly visible and recognizable landmark at 1419 Commercial Ave, Anacortes, WA 98221. The building, constructed in 1980, offers a total of 13,950 square feet across seven suites, with a flexible minimum divisible space of 1,100 square feet and the potential to lease the entire 13,950 square feet contiguously. Currently, 1,500 square feet is available. The property boasts a desirable location on Commercial Avenue, ensuring high foot traffic and excellent visibility. Ample parking is provided with 42 spaces. The building features significant window space, ideal for showcasing products and maximizing natural light. The building sits on a 0.78-acre lot (33,105 square feet) and has a building floor area ratio (FAR) of 0.46. Utilities are provided by PSE. The zoning is commercial, allowing for a variety of uses including restaurant, financial, liquor sales, and office space. Property taxes are $1.31 per square foot. The building is a single-story structure with a load factor of 1.1. Cross street access is available via 14th Street. This is a rare opportunity to secure a prominent retail space in a thriving Anacortes location.
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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.