849-775 Spring St $2,195,000

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    849-775 Spring St San Juan Island, WA 98250

    • 1.68 Acres
    • Commercial/Industrial
    Listing# 1379166 | Active

    $2,195,000

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    Days On Market: 328 0 Views
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    Property Details

    Investment Income Opportunity: 20,000 +/- sf of commercial space comprised of 5 buildings w/ 22 units in all, located along desirable Spring Street frontage. Occupied by a variety of professional services tenants, the opportunities & ideas for space utilization & potential future expansion on the included additional adjacent .55 acre vacant parcel further increase the already-healthy income stream & add to the possibilities on this highly attractive investment property. 2 separate tax parcels.

    • General Features
      • County San Juan
      • Zoning Class Business, Commercial, Office, Retail
      • Zoning Jurisdiction City
      • Style 61-Comm Bldg Ovr 10K
      • Approx Building SqFt 20,202
      • Approx Whse/Mfg SqFt 0
      • Approx Office SqFt 0
      • Total Uncovered Parking 0
      • Total Covered Parking 0
    • Building Features
      • Exterior Wood
      • Foundation Slab
      • Roof Composition
      • Floor Covering Ceramic Tile, Concrete, Hardwood, Vinyl, Wall-to-Wall Carpet
      • Features Signage Included
      • Heating and Cooling Heat Pump, Wall
    • Property Features
      • Lot Square Footage 73,274
      • Depth of Lot 0
      • Site Frontage 0
      • Expansion Area Y
      • Water-Sewer-Garbage 25494
      • Sewer Sewer Connected
      • Sewer Company Town of Friday Harbor
      • Energy Source Electric
      • Power Company OPALCO
      • Number of Available Pads 0
    • Financials
      • Vacancy Rate 5
      • Total SqFt Rented 0
      • Total Monthly Rent $0
      • Gross Rent Multiplier 0
      • Cap Rate -NOI div LP 6
      • Gross Scheduled Income $216,708
      • Gross Adjusted Income $205,873
      • Total Expenses $65,953
      • NOI $139,920
      • Electrical Expenses $5,918
      • Tax Expense $16,458
      • Heating Expense $0
      • Insurance Expense $6,858
      • Annual Assoc. Dues $0
      • Other Expenses $11,225
      • 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

    $391,000 Median Sales Price
    13 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: $2,195,000
        10/24/2018 9:01:00 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.