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911 Commercial Ave Anacortes, WA 98221

Land Google Maps
Entity Owned 4-yr Hold
No photos on file
For Sale
$3,150,000
911 Commercial Ave, Anacortes, WA 98221
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Estimated value
No estimation on file for this property yet.
Property ID US90-1461040

Property summary

AI-generated overview

This exceptional 30,000 square foot commercial and residential land parcel presents a remarkable investment opportunity in the heart of Anacortes, Washington. Situated at 911 Commercial Ave, this half-city block corner lot offers unparalleled potential for developers and investors. The property's mixed-use zoning allows for a building of up to six stories, reaching a maximum height of 65 feet (buyer to verify zoning regulations). The expansive lot provides breathtaking views in all directions, making it ideal for a development incorporating both retail/office space on lower floors and residential condos above, as envisioned in the initial concept. Located in the vibrant downtown Anacortes area, with its zip code 98221, this property benefits from excellent visibility and accessibility. The asking price for this significant development opportunity is $3,150,000. This is a rare chance to acquire a substantial piece of land in a thriving Washington community, poised for significant growth and return on investment. The property is situated in Skagit County and offers a unique blend of commercial and residential potential. Don't miss this chance to shape the future of Anacortes' skyline.

Property profile

Verified
Property type Land
UPID US90-1461040

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2022
1 recorded transaction
2022
$2.7M

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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