80 1St StFriday Harbor, WA 98250

Property Details for 80 1St St

Year built

1892

Lot size

0.08 AC

Property size (Sq ft)

4,338 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

351350-405-000

APU

351350405000

Description

This exceptional 2.95 million dollar vacant commercial land parcel presents a rare investment opportunity in the vibrant heart of Friday Harbor, Washington. Situated on a major corner lot at 80 First St S, 98250, this property boasts unparalleled visibility and southern exposure, ensuring abundant sunlight throughout the day. The expansive lot offers a multitude of development possibilities, catering to a diverse range of commercial ventures. Potential uses include, but are not limited to, retail sales establishments, professional service offices, indoor entertainment venues, and transient accommodations. The property's strategic location within the bustling downtown area guarantees high foot traffic and excellent accessibility. Furthermore, essential utilities such as water, sewer, and power are readily available, simplifying the development process. This is an exceptional chance to acquire a highly desirable commercial property in a thriving island community, offering significant potential for long-term growth and return on investment. The property's prime location and versatile zoning make it an ideal canvas for a wide array of commercial projects. Don't miss this unique opportunity to secure a piece of Friday Harbor's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,720,061

  6.5%

  $1,587,749

  7%

  $1,474,338

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,322,963

  Geo Method

  $2,105,238

• Alternative Use

  Use

  Valuation

  Residential

  $1,339,325

  Hospitality

  $1,226,815

  Educational

  $1,020,696

  Medical

  $1,055,799

  Retail

  $1,587,749

Location Insight

City

Friday Harbor

County

San Juan

State

Washington

Latitude

48.535

Longitude

-123.016

Property Tax & Assessments

FAQs

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