0 Midway Blvd Oak Harbor, WA 98277
This exceptional 0.58-acre commercial land parcel presents a remarkable investment opportunity in Oak Harbor, Washington. Strategically located on NE Midway Blvd, a major commercial thoroughfare, this property boasts a C-3 zoning designation, permitting a diverse range of commercial and mixed-use developments. The high demand for both multi-family and commercial projects in this burgeoning market makes this a particularly attractive proposition. The site benefits from significant traffic volume generated by established local and national businesses in the immediate vicinity. Its convenient location offers easy access to Oak Harbor's waterfront and marina, NAS Whidbey Island Naval Air Station, Deception Pass State Park, and a variety of retail and service businesses. The property's tax identification numbers are R13335-094-3830 and R13335-087-3790. The asking price is $375,000, representing a price per acre of $646,552. Lease terms are negotiable. This is a rare chance to acquire a prime development site in a thriving area with excellent visibility and accessibility.
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
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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.