199 Main St Eastsound, WA 98245

This exceptional commercial property, located at 199 Main Street in Eastsound, Washington, presents a unique investment opportunity on Orcas Island. Priced at $1,650,000, this 3,344 square foot mixed-use property sits on a sizable 1.369-acre lot and boasts a 100% occupancy rate with two established tenants. The two-story building, constructed in 1974, features a ground-floor retail space and an upstairs apartment. A detached garage and eight parking spaces are also included. The property benefits from Village Commercial zoning, allowing for diverse development possibilities, including up to 40 units per acre, vacation rentals, hotels, restaurants, bars, and retail sales. Its prime location in the heart of Eastsound Village, adjacent to a public park hosting community events, ensures high visibility and foot traffic. The property's strong existing cash flow provides a solid foundation for future development or immediate income generation. Orcas Island's thriving tourism industry, with over 620,000 ferry riders in 2023 and significant visitor spending, further enhances the investment potential. This property offers a blend of immediate income and long-term development possibilities in a desirable island setting. The two buildings are two stories each.