Property Details
2320 Commercial Avenue
Anacortes, WA 98221
$750,000
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Property Overview
Position your business for success with this highly visible commercial property located on the corner of 24th Street and Commercial Avenue. Situated on approximately 9,000 square feet of commercially zoned land, this versatile property offers exceptional opportunities for owner-users, investors, or future redevelopment. The ground level features approximately 2,000± square feet currently configured as retail space with spacious offices, a welcoming reception/lobby area, and a large workroom/storage area that can easily be reconfigured for retail, medical, professional services, or other commercial uses. The upper level includes three additional private offices and a convenient bathroom, providing added flexibility for administrative offices or tenant space. An adjacent retail building is currently occupied, and the property generates income from three long-term tenants, allowing you to collect rental income while planning your future vision. Additional highlights include ample on-site parking, energy-efficient heat pump heating and cooling, low utility costs, a newer roof, and a well-maintained building. Located in one of Anacortes' busiest commercial corridors and surrounded by retail, restaurants, automotive businesses, and other established commercial uses, this property offers outstanding exposure, dual signage opportunities, and endless possibilities for investment or owner occupancy.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
Skagit
Neighborhood
Anacortes
Listed
Jul 8, 2026
Original Price
$825,000
Parcel Number
P57221
Tax & HOA
Annual Property Tax
$6,174 (2026)
Est. Monthly Tax
$515/mo
Financial Summary
Cap Rate
3.10%
Net Operating Income
$25,980
Gross Scheduled Income
$42,000
Total Expenses
$16,020
Total Actual Rent
$3,500/mo
Building & Use
Building Sq Ft
2,400
Total Units
3
Sq Ft Rented
2,650
Zoning
Commercial
Possible Use
Commercial
Lot Size
8,999 sqft
Year Built
1900
Exterior & Lot
Lot Size
0.21 sqft
Year Built
1900
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Wood
Community & Access
Directions
I5 North, Exit 230 to Anacortes. North on Commercial Ave to 24th St. Property on SW corner of 24th and Commercial.
Location
City
Anacortes
County
Skagit
Coordinates
48.50313, -122.61307
Additional Information
Tax Year
2026
Annual Taxes
$6,174
Possession
Array
