Property Details
1283 Elger Bay Road
Camano Island, WA 98282
$1,345,000
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Property Overview
Discover the investment potential of The Port Susan Professional Building. 57% of the building is available for owner-occupied use. This multi-tenant office building boasts a diverse mix of essential service tenants, offering stable income. Notable highlights include large parking lots (12+ spots), easy access, central location, recent septic system upgrades & building renovations, including new plumbing & electrical in the main Suite. 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 an established clientele base & strategic location in a high-traffic area, ensuring a steady flow of customers & business opportunities. *6.7% CAP
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
Island
Neighborhood
Country Club
Listed
Feb 27, 2025
Original Price
$1,425,000
Structure Type
Office
Parcel Number
R331194211560
Financial Summary
Cap Rate
6.70%
Net Operating Income
$91,644
Gross Scheduled Income
$91,894
Total Expenses
$250
Total Actual Rent
$5,925/mo
Monthly NNN
$1,732/mo
Vacancy Rate
20.0%
Building & Use
Building Sq Ft
3,672
Total Units
6
Sq Ft Rented
3,672
Zoning
Office
Possible Use
Office
Lot Size
36,155 sqft
Year Built
1968
Exterior & Lot
Lot Size
0.83 sqft
Year Built
1968
Exterior Materials
Brick, Wood
Sewer
Septic Tank
Water Source
Community
Exterior Features
Brick, Wood, Wood Products
Community & Access
Directions
From Stanwood head west on WA-532 W, Continue onto NE Camano Dr, Continue straight onto S Elger Bay Rd
Location
City
Camano Island
County
Island
Coordinates
48.16416, -122.47812
Additional Information
Tax Year
2024
Possession
Array
Based on information submitted to the MLS GRID as of July 28, 2026 7:45 PM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
