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Property profile & analytics
OFF-MARKET
Land

1231 Red Fox Ln Freeland, WA 98249

5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 5-acre commercial parcel in Freeland, Washington (APN: R229042505040) presents a unique opportunity for development. Located just minutes from downtown Freeland, yet offering a secluded feel, this property is ideally situated for various commercial ventures. Priced at $249,000 ($1.24/sq ft land value), it boasts significant advantages for immediate construction. Preliminary site preparation is complete, including clearing for a building and well site, with an approved Island County site registration. Utilities are conveniently located nearby, and power conduit is already installed. The road and driveway are also finished, eliminating significant upfront infrastructure costs. Two nearly new cabins/sheds are included on the site, providing immediate potential for temporary use or on-site storage. This turnkey property offers a rare blend of convenience and tranquility, making it an exceptional investment opportunity in the desirable Island County market. The property's 98249 zip code and precise location (48.0273166 latitude, -122.5526629 longitude) ensure easy access and visibility. Don't miss this chance to acquire a ready-to-develop commercial property in a thriving Island County location.

Property profile
Verified
Property type Land
Lot 5 ac (217,800 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
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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