About 5589 Harbor Avenue
Prime location in Freeland. Solid business occupy three spaces Farmers Insurance, Chicago Title and Poptop World. This commercial building is in an excellent location and fully leased. The going rate for these offices is $2.00 per square foot. The tenants are stable and long term. The cap rate for this building is 8%. The building itself is in excellent condition. A new roof has been scheduled to be completed in the summer of 2026. This is an excellent investment!
Features of 5589 Harbor Avenue
| MLS® # | 2309044 |
|---|---|
| Price | $695,000 |
| Acres | 0.27 |
| Year Built | 1978 |
| Type | Commercial Sale |
| Sub-Type | Commercial Industrial |
| Status | Active |
Community Information
| Address | 5589 Harbor Avenue |
|---|---|
| Area | 811 - South Whidbey Island |
| Subdivision | Freeland |
| City | Freeland |
| County | Island |
| State | WA |
| Zip Code | 98249 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Heat Pump |
|---|---|
| Cooling | Central Air, Wall Unit(s) |
| Fireplace | No |
Exterior
| Exterior Features | Wood |
|---|---|
| Foundation | Slab |
Additional Information
| Date Listed | November 15th, 2024 |
|---|---|
| Days on Market | 637 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Windermere RE/South Whidbey |
|---|