$1,599,950
Furniture World Oak Harbor
Listing Type: For Sale
Property Type: Retail
Status: Available
CBA ID#: 651841
987 Ault Field Rd
Oak Harbor, WA 98277

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Commercial Property

Marketing Description:

This is an exceptional value as a cash flow investment and a long term hold, as well. 7.74 cap rate. An excellent tenant in "Furniture World" who has been a tenant for over 20 years and wants to stay. This is the closest Commercial Building to the Whidbey Island Naval Air Station (150 feet from the main entrance to the Base). The current owner recently Silver Coated the entire roof in the last two years, upgraded the well, water system, septic system and did major improvements to the storm water system. Substantial upgrades to the interior of the building as well. The second tenant is the closest espresso drive up to the Naval base. The lot is 1.25 acres, the building is 26,120 sf. Now 7% cap rate.

Land Features:

  • Lot Size: 54450 SqFt
  • Lot Acreage: 1.25 Acres
  • Zoning: OH-HSC
  • Total Parking: 30
  • Uncovered Parking: 30

Building Features:

  • Building Size: 26120 SqFt
  • Available Space: 26120 SqFt
  • Number of Floors: 1
  • Cap Rate: 7.74%
  • Construction: Wood
  • Year Built: 1951
This Listing Supplied Courtesy of Fairhaven Realty Branch of Lak
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
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