2707 Commercial AveAnacortes, WA 98221

Property Details for 2707 Commercial Ave

Year built

1900

Lot size

0.17 AC

Property size (Sq ft)

1,530 SF

Property type

Office buildings

APN

3794-008-005-0002

APU

37940080050002

Description

This exceptional 1,530-square-foot property presents a unique blend of commercial and residential potential, situated in the vibrant Anacortes submarket of Skagit County. The single-tenant building offers a flexible layout perfect for a variety of uses. The space includes four offices or bedrooms, a kitchen, a reception area, and a dedicated storage room. Adding to its convenience are 1.75 bathrooms. Ample parking is available, with on-street parking directly in front of the building and additional off-street parking located at the rear. Accessibility is ensured with a wheelchair-accessible ramp at the front entrance. The building is a single-story structure, offering easy navigation and accessibility. The property is zoned for Commercial/Residential use, providing flexibility for diverse business and living arrangements. Electricity powers the building. This is a rare opportunity to acquire a versatile property in a desirable location, combining the best of both worlds for business and residential needs. The property's size and layout make it suitable for a variety of businesses or a comfortable home office environment. The combination of on-street and off-street parking adds to the property's appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $414,022

  6.5%

  $382,174

  7%

  $354,876

• Comparable approach

  Method

  Valuation

  Relative Method

  $410,291

  Geo Method

  $294,647

• Alternative Use

  Use

  Valuation

  Residential

  $473,896

  Hospitality

  $434,086

  Educational

  $361,154

  Medical

  $373,575

  Retail

  $561,796

Location Insight

City

Anacortes

County

Skagit

State

Washington

Latitude

48.5

Longitude

-122.612

CBSA code

34580

CBSA name

MOUNT VERNON-ANACORTES, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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