127 Fairhaven Ave, Burlington, WA 98233-1701
This exceptional 0.17-acre commercial property at 127 E Fairhaven Avenue, in the heart of downtown Burlington, WA, presents a unique investment opportunity. Previously operating as a tea room, this building boasts significant character and charm, situated in a high-traffic area with excellent visibility on Burlington Blvd. The structure offers versatile space, previously configured as five office spaces, a conference room, a break room, and two bathrooms. A separate storage building and a two-car carport add to the property's functionality. Recent improvements enhance its appeal and adaptability. These include a new entrance/exit to the main floor patio, a new exterior side entrance/exit to the upstairs office suite, and new fencing around the property. Several doorways have been widened to accommodate potential Accessory Dwelling Unit (ADU) access. A significant upgrade has been completed with the installation of a new 200-amp electrical panel. The building's history as an office space and its recent use as a tea room demonstrate its adaptability to a wide range of commercial ventures. The possibilities are endless for a creative entrepreneur seeking a well-located, charming building with recent upgrades. Priced at $479,000, this property offers a compelling opportunity to establish a thriving business in a desirable downtown location.
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Rob Jones Law Office Law Firm
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My Cup of Tea Cafe & Coffee Shop
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Pacific Northwest Massage Alternative Medicine Practice Spa & Massage Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.