Property summary
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
VerifiedCap rate & NOI
Current use
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Alternative Medicine Practice Spa & Massage Center
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Hair Salon
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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