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Owner User Retail/Office Property 31650 State Route 20

3,663 SF 100% Leased Retail Building Oak Harbor, WA 98277 $875,000 ($239/SF) 5.52% Cap Rate

Executive Summary

Well located investment or owner user retail/office property situated along main arterial State Route 20 in growing Oak Harbor. This highly visible property presents tasteful landscaping, excellent signage points and has no deferred maintenance.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,663 SF
Year Built/Renovated
1979/2004
Price
$875,000
Price Per SF
$239
Cap Rate
5.52%
NOI
$48,343
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.37 AC
Opportunity Zone
Yes
Parking
29 Spaces (5.46 Spaces per 1,000 SF Leased)
Frontage
96 FT on State Route 20

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Century 21 Real Estate
  • Real Estate
  • -
  • -
  • Aug 2023
  • Leavitt Group Northwest
  • Finance and Insurance
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Century 21 Real Estate Real Estate - - Aug 2023
Leavitt Group Northwest Finance and Insurance - - -
Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Safeway
KeyBank
Starbucks
Haggen
Applebee's
IHOP
Grocery Outlet
Mod Pizza
Planet Fitness
Heritage Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
S6575-01-0000B-1
Land Assessment
$322,344
Improvements Assessment
$463,052
Total Assessment
$785,396
  • Listing ID: 26932521

  • Date on Market: 10/25/2022

  • Last Updated:

  • Address: 31650 State Route 20, Oak Harbor, WA 98277

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