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Property profile & analytics
OFF-MARKET
Commercial real estate

9308 Padilla Heights Rd Anacortes, WA 98221

Built 1997
Property ID
US90-0906299
Property summary
AI-generated overview

This exceptional Anacortes property offers a unique investment opportunity. The offering includes over three acres of prime commercial/industrial land strategically located near the controlled intersection of Highway 20 and Reservation Road. A 2560 square foot, three-bedroom house sits on the property, presenting immediate use or potential redevelopment options. The property benefits from flexible light industrial zoning, allowing for a variety of commercial and industrial uses. This high-growth area provides excellent access to the busy Highway 20 corridor, ensuring high visibility and convenient transportation links. The property's location offers significant potential for development and expansion. Furthermore, the seller owns an additional five contiguous parcels totaling approximately thirteen acres of light industrial land. These parcels are available for purchase, either individually or as a package, to accommodate larger-scale projects. This presents a rare chance to acquire a substantial land holding in a thriving commercial area, offering significant flexibility and growth potential. The combination of existing improvements and expansive land area makes this a truly exceptional opportunity.

Property profile
Verified
Property type Commercial real estate
Year built 1997
UPID US90-0906299
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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