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    701 Commercial Ave Anacortes, WA 98221-4110
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    Property profile & analytics

    701 Commercial Ave, Anacortes, WA 98221-4110

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    • Turn key restaurants
    • 2,887 SF
    • 0.08 lot acres
    Off-Market
    Last Sale Jul 24, 2023
    $540,000
    Property ID
    US90-1123429
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Island Cafe / Cafe & Coffee Shop

    Property Details for 701 Commercial Ave

    Year built
    1900
    Lot size
    0.08 lot acres
    Property type
    Turn key restaurants
    APN
    4938-000-001-0000
    APU
    49380000010000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 24, 2023 — Marcelo LLC Marcelo Luevanos Quit Claim Deed · related —
    Jul 14, 2023 — Marcelo Luevanos Luevanos Properties LLC Intrafamily Transfer · related —
    Sep 28, 2007 — Luevanos Properties LLC King Squared LLC Warranty Deed · related —
    Aug 14, 2007 $540,000 Luevanos Properties LLC King Squared LLC Warranty Deed $495k · Skagit State Bank
    Mar 17, 2006 $775,000 King Squared LLC Griffin,phillip W & Pamela A Warranty Deed $750k · Skagit State Bank
    Sep 12, 2003 $366,471 Phillip W Griffin Rickdall,ralph L & Jeanne Grant Deed $265k · Ralph L & Jeanne Rickdall
    — — Luevanos Properties LLC — Deed Of Trust · related $495k · Skagit State Bank
    — — Luevanos Properties LLC — Deed Of Trust · related $229k · Rural Housing & Community Dev

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $485,000
      ML approach
      $530,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $545,000
      Market price range: $362k - $908k
      AI Estimate
      $387,000
      Market price range: $199k - $640k
    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $610,000
      Current use
      COMMERCIAL (GENERAL)
      $790,000
      Change: +30% Conversion: Easy
      AUTO REPAIR, GARAGE
      $695,000
      Change: +15% Conversion: Difficult
      RETAIL STORES
      $695,000
      Change: +14% Conversion: Easy
      OFFICE BUILDING
      $665,000
      Change: +9% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Anacortes
    County
    Skagit
    State
    Washington
    Longitude
    -122.612
    Latitude
    48.5165
    CBSA code
    34580
    CBSA name
    MOUNT VERNON-ANACORTES, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,146
    $152,100
    $406,800
    $558,900
    -
    $152,100
    $406,800
    $558,900
    More about this property
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