5570 Hbr Ave, Freeland, WA 98249
- Commercial real estate
- 2,400 SF
- 0.28 lot acres
Current Use by Public Records
- Tae's Hair Shop / Hair Salon
- My Hearing Centers / Hearing Aid Store
- Whidbey Property Management / Property Management Company / Apartment Rental Agency
- Epstein Custom Homes / Construction Company / General Contractor
Property Details for 5570 Hbr Ave
- Year built
- 1962
- Lot size
- 0.28 lot acres
- Zone code
- 50
- Property type
- Commercial real estate
- APN
- R22911-039-0970
- APU
- R229110390970
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 7, 2025 | $575,000 | Tae H Davis | Richard Epstein | Warranty Deed | — |
| Nov 7, 2025 | — | Tae H Davis | Roger S Davis | Deed · related | — |
| Oct 11, 2019 | — | Richard Epstein | — | Deed · related | $218k · Savibank |
| Jul 21, 2008 | $400,000 | Richard Epstein | Sandberg,joanne | Warranty Deed | $340k · Joanne Sandberg |
| Jun 23, 2008 | $4,200 | Joanne M Sandberg | Us Bank NA | Quit Claim Deed · related | — |
| — | — | Richard Epstein | — | Deed Of Trust · related | $249k · Whidbey Island Bank |
| — | — | Richard Epstein | — | Deed Of Trust · related | $218k · Savibank |
Description
This exceptional investment opportunity presents a one-level brick commercial building boasting 100% occupancy and a remarkable 6.5% capitalization rate—a rarity in South Whidbey's market. Strategically located in Freeland's thriving business hub at 5570 Harbor Avenue, this property offers four commercial spaces within a single building, currently leased to three tenants. Recent significant upgrades enhance its value and appeal, including a completely renovated septic system, a new roof, updated interior wiring, and the installation of energy-efficient ductless mini-split heating and cooling systems. Furthermore, tenant-specific improvements have been made to ensure optimal functionality and attractiveness for each space. The building is exceptionally well-maintained and presents in excellent condition. Ample parking is provided with 12 designated spots. Beyond the building, a sizable backyard offers versatile space ideal for storage, employee gatherings, or other outdoor uses. Showings are strictly by appointment only to ensure minimal disruption to the current tenants. This property represents a strong, stable investment with significant potential for long-term returns. The exceptional cap rate and high occupancy make this a truly unique opportunity in the South Whidbey commercial real estate market.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Freeland
- County
- Island
- State
- Washington
- Longitude
- -122.525
- Latitude
- 48.0089
- CBSA code
- 36020
- CBSA name
- OAK HARBOR, WA MICROPOLITAN STATISTICAL AREA
