Property profile

0 16Th Ave Oak Harbor, WA 98277

OFF-MARKET
Land
1.3 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 1.3 ac (56,628 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16Th Ave Oak Harbor, WA 98277
Oak Harbor metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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