0 16Th Ave Oak Harbor, WA 98277
This exceptional 1.3-acre commercial lot presents a rare development opportunity in Oak Harbor, Washington. Located on NE 16th Ave, just off busy State Route 20, this property boasts a highly desirable C4 commercial zoning designation. The level, cleared land is ready for immediate development, offering a multitude of possibilities for businesses seeking a high-visibility location. Permitted uses under the C4 zoning include retail, restaurant, and mixed-use residential developments. The site's strategic location along the highway corridor ensures high traffic counts and easy accessibility, making it an ideal choice for businesses seeking maximum exposure. This property offers a compelling investment opportunity, whether for immediate development or as a long-term holding. With a total lot size of 1.3 acres (56,628 square feet), this is one of the few remaining prime commercial properties available on this key highway corridor in Oak Harbor. The asking price is $487,500. The property is situated in Island County, Washington, with a 98277 zip code. This is a unique chance to secure a valuable piece of commercial real estate in a thriving area. Don't miss this opportunity to capitalize on the potential of this exceptional location.
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.
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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.