Fidalgo Cheveron Service – Anacortes, WA

  • $1,200,000
1120 Commercial Avenue, Anacortes, WA, 98221
For Sale
Fidalgo Cheveron Service – Anacortes, WA
1120 Commercial Avenue, Anacortes, WA, 98221
  • $1,200,000

Overview

Property ID: 697127
  • Retail
  • Property Type
  • 2490
  • 1993
  • Year Built

Description

Fidalgo Cheveron Service #303828

Status: Available
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 nnn ground lease in place through 2029 w/ 2 options to renew 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.

Market Area: Skagit County
County: Skagit
Listing Type: For Sale
Asset Class: Retail,Land
General Zoning: C
Cap Rate: 0
Year Built: 1993
Construction Type:
Floors: 1
Parking: 20  (Covered: 0 & Uncovered: 20)


Listing Courtesy of: John L. Scott – Anacortes – Allen Workman (#20086)

Commercial Listings
Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.

 

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  • 1120 - Commercial Avenue
    Anacortes, WA 98221
    USA
  • Skagit County

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