About 1131 Se Ely Street
Prime mixed-use investment opportunity in Oak Harbor’s commercial business district. Property includes 2 commercial spaces on the ground floor with strong visibility & tenant appeal. Upper level features a partially completed condo conversion, offering value-add potential for multiple residential units up to 4 stories, live/work space, or expanded commercial use. Flexible zoning supports multiple income strategies. Upgraded fire system & large on-site parking lot with & existing drainage system already in place—reducing development costs & timelines. Conveniently located near shops, public transportation & parks, enhancing long-term desirability for tenants & owners alike. Ideal for investors seeking current income with future upside.
Features of 1131 Se Ely Street
| MLS® # | 2549384 |
|---|---|
| Price | $625,000 |
| Acres | 0.40 |
| Year Built | 1977 |
| Type | Commercial Sale |
| Sub-Type | Commercial Industrial |
| Status | Active |
Community Information
| Address | 1131 Se Ely Street |
|---|---|
| Area | 813 - North Whidbey Island |
| Subdivision | City Of Oak Harbor |
| City | Oak Harbor |
| County | Island |
| State | WA |
| Zip Code | 98277 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Forced Air |
|---|---|
| Cooling | None |
| Fireplace | No |
Additional Information
| Date Listed | July 30th, 2026 |
|---|---|
| Days on Market | 28 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Better Homes&Gardens McKenzie |
|---|