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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1419 Commercial Ave Anacortes, WA 98221

13,950 SF 0.78 ac lot Built 1980
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1980
Total area 13,950 SF
Lot 0.78 ac (33,977 SF)
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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