6791 Wa-106Union, WA 98592

Property Details for 6791 Wa-106

Year built

1985

Lot size

1.75 AC

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

This exceptional 1.75-acre commercial property in Union, Washington, presents a lucrative investment opportunity. Located on Hood Canal with 160 feet of waterfront, the property boasts three established RV sites currently operating at 100% occupancy, generating a Pro-Forma NOI of $138,647 and a 23% Pro-Forma Cap Rate. The asking price is $599,000, offering a strong return on investment. Included is a high-end fifth-wheel RV consistently renting for $350 per night. The property is commercially zoned and features owned tidelands, presenting potential for oyster farming. An existing structure, previously a successful espresso stand, offers additional development potential. With its existing income stream and significant expansion possibilities, this property is poised for substantial growth. Built in 1985, this free-and-clear property offers a rare chance to acquire a thriving waterfront business with immediate cash flow and significant upside. The property is located at 6791 WA-106, Union, WA 98592, in Mason County.

Location Insight

City

Union

County

Mason

State

Washington

Latitude

47.3486

Longitude

-123.074

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