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LCR
1120 Commercial Ave, Anacortes, WA 98221
- $800,000
Listing Broker: John L. Scott Anacortes; Allen G. Workman; ; Selling Office: Windermere RE Anacortes Prop..
- Sold Price
- $800,000
- List Price
- $965,000
- Status
- SOLD
- MLS#
- 2363469
- Closing Date
- Oct 31, 2025
- Days on Market
- 151
- Lot Size (sq ft)
- 12,987
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.
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Additional Information
- Community
- Anacortes
- Style
- 40 - Res-Less thn 1 Ac
- Zoning Jurisdiction
- City
- Restrictions
- Unknown
- View
- Territorial
- Sewer
- Available
- Tax Year
- 2025
- School District
- Anacortes
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Potential Terms
- Cash Out, Conventional
- Driving Directions
- I5 North, exit 230 to Anacortes. Travel west on HWY 20 to Anacortes. North on Commercial Ave to intersection of HWY 20 and 12th St
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.