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LCR
1004 12th Street, Anacortes, WA 98221
- $325,000
Listing Broker: American Dream R. E. Services; Malia Morin; ; Selling Office: Windermere RE Anacortes Prop..
- Sold Price
- $325,000
- List Price
- $349,999
- Status
- SOLD
- MLS#
- 2359255
- Closing Date
- Oct 31, 2025
- Days on Market
- 144
- Annual Tax Ammount
- 8000
- Internet Provider
- Buyer to Verify
Property Description
An exceptional investment opportunity in the highly desirable downtown core of Anacortes. This high-visibility commercial building is strategically positioned on the busiest corner in town, offering strong street presence and consistent foot traffic. The property is fully leased to five long-standing, stable tenants with strong local ties, generating a healthy cap rate. The offering includes the building only – with a land lease in place. This is a turnkey investment with minimal vacancy risk!
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Additional Information
- Community
- Anacortes
- Building Condition
- Good
- Style
- 62 - Business Opp.
- Year Built
- 2009
- # of Assigned Spaces
- 13
- Roof
- Torch Down
- Tax Year
- 2025
- Potential Terms
- Cash Out
- Flooring
- Carpet
- Driving Directions
- commercial to 12th and Commercial
- Electric Expenses
- 14500
- Energy Source
- Electric
- Net Operating Income
- $50,000
- Gross Adjusted Income
- $50,000
- Gross Scheduled Income
- $100,000
- Water/Sewer/Garbage Expenses
- $6,000
- Cap Rate
- 11
- Total Expenses
- $30,900
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.