5577 Vanbarr Place
Freeland, WA 98249
0.35 acres | #2318520
Description
Excellent investment opportunity w/this commercial building in the heart of Freeland, WA on beautiful Whidbey Island. Currently a successful medical practice, this property sees a 7.7% cap rate w/long-term triple net tenants. The building underwent an extensive remodel in 2016. Improvements include: NEW store front, LVP flooring, snaploc metal roof, HVAC, water heater w/recirculating pump, solid oak doors, 6 exam rooms complete w/sinks, interior & exterior paint, upgraded fiberoptic cabling, lighting, bath fixtures, maple cabinets throughout, & 1 procedure room w/storage, sink & operatory light. Property sale includes grade level storage containers w/8 bays behind the building. Well maintained w/solid tenants equals a great opportunity!
Property Details
- Style60 - Comm Bldg Und 10K
- Property SubtypeCommercial Industrial
- Date ListedJanuary 01, 2025
- Exterior MaterialsCement/Concrete
- Sewer InformationSeptic Tank
- Structure TypeUnspecified
- Property TypePurchase
- SubdivisionFreeland
- Original List Price$995,000
- MLS #2318520
- MLS #2318520
- Utility SourcePublic
- CountyIsland
- Cost995000
- Acres0.35
- Year Built1976
- FoundationSlab
- Property ConditionGood
- Days on Market (Cumulative)27
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-01-02 22:03:08. 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.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Coreen Lerch (#NWM102265)
Listing Office: Windermere Whidbey Island (#NWM8677)
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