269 Main Street, Orcas Island, WA 98245
- $2,850,000
Listing courtesy of COMPASS.
- List Price
- $2,850,000
- Status
- ACTIVE
- MLS#
- 2576392
- Days on Market
- 12
- Annual Tax Ammount
- 9243.84
- Internet Provider
- Rock Island: fiber
Property Description
Truly remarkable Orcas Island financial opportunity! Located in the heart of Eastsound overlooking the Salish Sea and walking distance to incredible restaurants and shops, sits the Eastsound Suites. With two 5-star Vacation Rental Suites upstairs and two successful retail businesses downstairs, this income generating property is an extremely rare opportunity to purchase an already accomplished revenue positive commercial property with beautiful living areas for yourself or as rentals. Whether looking for a generational retreat that delivers income while you’re away or simply as a wise business venture, this property is a turn-key Orcas Island opportunity.
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Additional Information
- Community
- Eastsound
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 2005
- # of Assigned Spaces
- 11
- Roof
- Metal
- Tax Year
- 2025
- Potential Terms
- Cash, Conventional
- Flooring
- Ceramic Tile, Slate, Vinyl, Carpet
- Driving Directions
- BFI- LBW- From Ferry go to Eastound, take a right on Main St. Eastsound Suites will be on the left side of road before North Beach Rd.
- Appliance
- Tankless Water Heater
- Electric Expenses
- 1182
- Other Expenses
- 32999
- Energy Source
- Electric, Propane, Solar PV
- Net Operating Income
- $154,023
- Gross Adjusted Income
- $206,939
- Gross Scheduled Income
- $206,939
- Water/Sewer/Garbage Expenses
- $3,309
- Cap Rate
- 5
- Vacancy Rate
- 47
- Total Expenses
- $52,916
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.