308 1st Street – Langley, WA

308 1st Street #667284
Status: Available
EXTRAORDINARILY RARE. Whidbey Island commercially zoned waterfront in the heart of seaside Langley Village. Build to “Highest and Best use”. Potential boutique hotel or mixed use luxe condo. Panoramic views of the Sound and Mtns. 68+/- ft of medium bank waterfront w/City owned bulkhead. Water & sewer connection avail. This flat to sloped 0.21+/- acre parcel is sub-dividable via short plat under central business zoning. Turbo charge return investment, with well-positioned existing building containing 4 desirable spaces. 3 ground level spaces could be transformed to one large 2044 sq ft space + upper 1BR/1BA 672 sqft apartment. SELLER FINANCING 4.5% INTEREST RATE, 2 YR BALLOON, 30 YR AMORTIZE, 50% DOWN! Project cashflow $8K/Mo.

Flyer(s):

• Commercial lending vs seller financing Buyer guida
• permaflier new blue

Listing Courtesy of: KW Commercial, CPRE LLC – Lisa Leonard (#33684)

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