Property profile

2180 Old Highway 99 North Rd Burlington, WA 98233

OFF-MARKET
Specialty properties
1.59 ac lot
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Property summary

AI-generated overview

This exceptional 1.59-acre commercial property boasts 160 feet of prime frontage on Highway 99 in Burlington, Washington, offering unparalleled visibility and accessibility. The property includes a substantial building featuring a large convenience store complete with a 29' x 10' walk-in cooler and a spacious shop area, presenting immediate income-generating potential. Adding to its versatility, a separate 2-bedroom, 1-bathroom home situated at the rear of the property provides additional rental income opportunities, enhancing the overall return on investment. This strategic location places the property in close proximity to key attractions and transportation arteries, including the Skagit Casino, Skagit Raceway, Interstate 5, and the cities of Bellingham and Mount Vernon. The property's high-traffic location and diverse income streams make it an ideal investment for entrepreneurs seeking a robust and established commercial venture. The existing structures offer immediate revenue potential, while the ample land provides room for expansion or future development. This is a rare opportunity to acquire a well-positioned commercial property with significant upside potential in a thriving area. The property is located at 2180 Old Highway 99 North Road, Burlington, WA 98233, in Skagit County. The asking price is $499,900.

Property profile

Verified
Property type Specialty properties
Lot 1.59 ac (69,260 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

2180 Old Highway 99 North Rd Burlington, WA 98233
Burlington 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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