Prime location in Freeland. Solid business occupy three spaces Farmers Insurance, Chicago Title and Poptop World. This commercial building is in an excellent location and fully leased. The going rate for these offices is $2.00 per square foot. The tenants are stable and long term. The cap rate for this building is 8%. The building itself is in excellent condition. A new roof has been scheduled to be completed in the summer of 2026. This is an excellent investment!
| MLS # | 2309044 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1978 |
| Days On Site | 656 |
| Listing Provided By | Windermere RE/South Whidbey | Mary Matthew |
| Units | 3 |
|---|---|
| Zoning | Commercial |
| Acreage | 0.27 |
| Property | 3296 |
|---|
| State | WA |
|---|---|
| County | Island |
| City | Freeland |
| Zip Code | 98249 |
| Area | 811 South Whidbey Island |
| Community Name | Freeland |
| State | WA |
|---|---|
| County | Island |
| City | Freeland |
| Zip Code | 98249 |
| Area | 811 South Whidbey Island |
| Community Name | Freeland |