Property Details

1283 Elger Bay Rd
Camano Island, WA 98282
$1,365,000
CBA# 697041 courtesy of CBA Listing firm: Windermere Real Estate Co. – Ballard Branch

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1283 Elger Bay Rd, Camano Island

1 / 55
Office / Retail
Property Type
3,672
Bldg Sq Ft
4
Units
4.00%
Cap Rate
1968
Year Built

Property Overview

5.3% with opportunity to easily surpass 7%(+) Cap rate! Discover the investment potential of The Port Susan Professional Building. 57% of the building available for owner occupied as of January 2026. This multi-tenant office building boasts a diverse mix of essential service tenants, offering stable income. Notable highlights include large parking lots, easy access, centrally located, recent septic system upgrades & building renovations. 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 the established clientele base and strategic location in a high-traffic area, ensuring a steady flow of customers & business opportunitie

Property Details

Property Information

Property Type Commercial Sale
Status Available
County Island
Listed Apr 28, 2026

Financial Summary

Cap Rate 4.00%

Building & Use

Building Sq Ft 3,672
Leasable Area 3,672 sqft
Total Units 4
Zoning RV
Possible Use Office,Specialty
Year Built 1968

Exterior & Lot

Year Built 1968

Location

City Camano Island
County Island
Coordinates 48.16420, -122.47800
Listed By
Glenda Fabrizio
Windermere Real Estate Co. – Ballard Branch

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