Technical
Financial
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Property profile

911 29th St Anacortes, WA 98221

OFF-MARKET
Retail properties & Spaces
Property ID
US90-1445850
2,488 SF 0.14 ac lot Built 1932
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,488 square foot commercial building, situated on a 0.14-acre lot at 911 29th Street in Anacortes, WA, presents a compelling investment opportunity. Currently operating as a hair salon with month-to-month tenants, the property offers immediate income potential. Most of the existing salon equipment will remain with the sale, excluding tanning beds. The building's construction features a post-and-pier foundation in the front and poured concrete in the rear, ensuring structural integrity. Zoned for commercial use, this property boasts significant upside potential. The zoning allows for the addition of residential units above the first floor, with no maximum density restrictions. This presents a unique chance to combine commercial space on the ground floor with residential units above, capitalizing on the growing demand for housing in the area. The property's strategic location is further enhanced by the planned development of commercial and retail space, along with apartments, across the street. This neighboring development promises increased foot traffic and a thriving commercial environment, making this an ideal investment for both short-term income and long-term appreciation. The asking price is $695,000. This is a rare chance to acquire a versatile property in a rapidly developing area of Anacortes.

Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1932
Construction WOOD FRAME
Total area 2,488 SF
Lot 0.14 ac (6,011 SF)
APN 3838-005-007-0004
UPID US90-1445850

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
  • Alternative Medicine Practice Spa & Massage Center
  • Hair Salon

Location

911 29th St Anacortes, WA 98221-2833
Anacortes metro Census 940500 MOUNT VERNON-ANACORTES, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
$386k
Blend (final) Blend
$345k

Owner & transaction history

since 2025
Last sale
$650,000
6 recorded transactions
2025
$650,000
1998
$95,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $570,000 +75.9%
Warehouse, storage $420,000 +30.9%
Office building $385,000 +19.1%

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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