1283 Elger Bay Road, Camano Island, WA 98282
- $1,345,000
Listing courtesy of Windermere Real Estate Co..
- List Price
- $1,345,000
- Status
- ACTIVE
- MLS#
- 2334057
- Price Change
- ▼ $20,000 1785285548
- Days on Market
- 516
- Internet Provider
- Astound/Ziply
Property Description
Discover the investment potential of The Port Susan Professional Building. 57% of the building is available for owner-occupied use. This multi-tenant office building boasts a diverse mix of essential service tenants, offering stable income. Notable highlights include large parking lots (12+ spots), easy access, central location, recent septic system upgrades & building renovations, including new plumbing & electrical in the main Suite. This prime property features stunning mountain views & a peaceful setting within the Camano Country Club neighborhood. The property's Rural Village zoning & prime location promise lasting value & visibility. Benefit from an established clientele base & strategic location in a high-traffic area, ensuring a steady flow of customers & business opportunities. *6.7% CAP
Additional Information
- Community
- Country Club
- Style
- 73 - Office
- Year Built
- 1968
- Roof
- Metal
- Tax Year
- 2024
- Potential Terms
- Cash, Conventional
- Driving Directions
- From Stanwood head west on WA-532 W, Continue onto NE Camano Dr, Continue straight onto S Elger Bay Rd
- Electric Expenses
- 250
- Energy Source
- Electric
- Net Operating Income
- $91,644
- Gross Scheduled Income
- $91,894
- Cap Rate
- 6.7
- Vacancy Rate
- 20
- Total Expenses
- $250
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.