2707 Commercial AveAnacortes, WA 98221

Property Details for 2707 Commercial Ave

Year built

1900

Lot size

0.17 AC

Property size (Sq ft)

1,530 SF

Property type

Office properties

Property subtype

Office buildings

APN

3794-008-005-0002

APU

37940080050002

Description

This exceptional 1,530-square-foot property presents a unique blend of commercial and residential potential, situated in the vibrant Anacortes submarket of Skagit County. The single-tenant building offers a flexible layout perfect for a variety of uses. The space includes four offices or bedrooms, a kitchen, a reception area, and a dedicated storage room. Adding to its convenience are 1.75 bathrooms. Ample parking is available, with on-street parking directly in front of the building and additional off-street parking located at the rear. Accessibility is ensured with a wheelchair-accessible ramp at the front entrance. The building is a single-story structure, offering easy navigation and accessibility. The property is zoned for Commercial/Residential use, providing flexibility for diverse business and living arrangements. Electricity powers the building. This is a rare opportunity to acquire a versatile property in a desirable location, combining the best of both worlds for business and residential needs. The property's size and layout make it suitable for a variety of businesses or a comfortable home office environment. The combination of on-street and off-street parking adds to the property's appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $414,022

  6.5%

  $382,174

  7%

  $354,876

• Comparable approach

  Method

  Valuation

  Relative Method

  $410,291

  Geo Method

  $294,647

• Alternative Use

  Use

  Valuation

  Residential

  $473,896

  Hospitality

  $434,086

  Educational

  $361,154

  Medical

  $373,575

  Retail

  $561,796

Location Insight

City

Anacortes

County

Skagit

State

Washington

Latitude

48.5

Longitude

-122.612

CBSA code

34580

CBSA name

MOUNT VERNON-ANACORTES, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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