535 Market St $2,900,000

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    535 Market St San Juan Island, WA 98250

    • 1.03 Acres
    • Commercial/Industrial
    Listing# 1418223 | Active

    $2,900,000

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    Days On Market: 202 0 Views
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    Property Details

    Class A investment property. Fully leased to solid tenants. High quality, low maintenance attractive building on excellent high traffic corner. Bank lease includes 2,300sf of exterior area for drive-through.Make a better return owning the bank than having your money in it!

    • General Features
      • County San Juan
      • Zoning Class Industrial-Light
      • Zoning Jurisdiction City
      • Style 61-Comm Bldg Ovr 10K
      • Approx Building SqFt 10,892
      • Approx Whse/Mfg SqFt 0
      • Approx Office SqFt 10,892
      • Total Uncovered Parking 42
      • Total Covered Parking 0
      • Lot Dimensions IRR
    • Building Features
      • Exterior Brick
      • Foundation Poured Concrete
      • Roof Metal
      • Floor Covering Ceramic Tile, Vinyl, Wall-to-Wall Carpet
      • Features Sprinklered
      • Heating and Cooling Heat Pump
    • Property Features
      • Lot Square Footage 44,866
      • Depth of Lot 0
      • Site Frontage 0
      • Expansion Area N
      • Environment Survey N
      • Water-Sewer-Garbage 5653
      • Sewer Sewer Connected
      • Sewer Company Town
      • Energy Source Electric
      • Power Company Opalco
      • Number of Available Pads 0
      • Pad Ready N
    • Financials
      • Free and Clear N
      • Vacancy Rate 0
      • Total SqFt Rented 10,892
      • Total Monthly Rent $15,984
      • Gross Rent Multiplier 13
      • Cap Rate -NOI div LP 64
      • Gross Scheduled Income $217,015
      • Gross Adjusted Income $217,015
      • Total Expenses $30,837
      • NOI $186,178
      • Electrical Expenses $0
      • Tax Expense $20,694
      • Heating Expense $0
      • Insurance Expense $2,956
      • Annual Assoc. Dues $0
      • Other Expenses $1,893
      • Tax Year 2018

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    Neighborhood

    98250 (San Juan Island) Demographics

    53Median Age
    124Population Density (per sq. mile)
    53%College Educated
    $62,973 Estimated Median Income
    2,531Estimated Total Home Owners
    1,005Estimated Total Renters
    72% / 28%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    7,683Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $448,000 Median Sales Price
    14 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,900,000
        3/3/2019 1:21:00 PM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.