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Listed by John L. Scott Anacortes
$ 1,200,000
Est. payment /mo
New
1120 Commercial Ave Anacortes, WA 98221
0.3 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Anacortes
MLS Listing ID 2363469
Style 40 - Res-Less thn 1 Ac
Annual Tax Amount $8,719
Lot Size 0.298 Acres
Lot Dimensions 120x100
Property Sub-Type Land
Property Description
Prime Corner Lot – High Visibility Location Rare opportunity to own a premier corner lot at the busiest intersection in Anacortes, directly across from Safeway, the busiest shopping center in town. High traffic counts and exposure from 4 corners. Land only sale with income-producing ground lease in place through 2039. Zoned Commercial with flexible use options—retail, office, housing, and more. Excellent access from both Commercial Ave and 12th St. Strong current cash flow with future redevelopment potential. Current ground lease has end term in 2029 with 2-5year options to renew through 2034 and 2039. Yearly adustments of 6%. Lease is nnn.
Location
State WA
County Skagit
Area 815 - Anacortes
Interior
Fireplace false
Exterior
Utilities Available Electricity Connected, Natural Gas Available
View Y/N Yes
View Territorial
Building
Lot Description Corner Lot
Sewer Available
Water Available
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Anacortes
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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