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+13604225200
LCR
269 Main Street, Orcas Island, WA 98245
- $2,850,000
Listing Broker: COMPASS; Wally Gudgell; 360-507-5443; wally@compass.com
- List Price
- $2,850,000
- Status
- ACTIVE
- MLS#
- 2576392
- Days on Market
- 26
- Annual Tax Ammount
- 9243.84
- Internet Provider
- Rock Island: fiber
Property Description
A rare opportunity in the heart of Eastsound, this exceptional mixed-use property combines island living with multiple income streams, steps from restaurants, shops, galleries and the waterfront. Overlooking the Salish Sea, the property holds a prominent location on the village's Main Street, just steps from restaurants, shops, galleries and the waterfront. • The second level features two beautifully furnished water-view residential units: a spacious 2-bedroom, 2-bath residence and a 1-bedroom, 1-bath residence, currently operating as highly rated vacation rentals. Enjoy one as your own island home or family retreat while generating income from the other-- or continue using both as successful rentals. View vacation rentals at EastsoundSuites.com. • The ground level features two established, street-facing retail spaces in a high-traffic location, plus a rear office, providing fully leased income streams. Rooftop solar provides both environmental and economic benefits. A 4,000 sqft private parking lot at the rear of the building provides additional income from leased spaces. This Orcas Island property offers a fantastic blend of residential living, vacation rental flexibility and established commercial income.
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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.