Property Details
31775 State Route 20 #A&B
Oak Harbor, WA 98277
$2,500,000
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Property Overview
Investment Opportunity or 1030 exchange in Prime Location in the center of Oak Harbor Commercial District. High Visibility across from mayor retailers like Home Depot, Applebee's, Safeway and Walmart. 100% rented stable income stream. Owner Financing: %50 down payment option available. 54 parking spaces for ample parking. Strategic proximity 3 miles from Naval Base. Two separate Buildings with flexibility for diverse tenants or uses. This property is 1.020 Ac Parcel is very well maintained, excellent signage and easy access.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
Island
Neighborhood
City Of Oak Harbor
Listed
Apr 28, 2025
Financial Summary
Cap Rate
5.50%
Net Operating Income
$25,414
Gross Scheduled Income
$164,448
Gross Rent Multiplier
16.66
Total Expenses
$25,415
Total Actual Rent
$13,704/mo
Building & Use
Building Sq Ft
7,840
Total Units
6
Sq Ft Rented
7,500
Zoning
Business,Commercial,Office,Retail
Possible Use
Business, Commercial, Office, Retail
Lot Size
0 sqft
Year Built
1977
Exterior & Lot
Lot Size
0.00 sqft
Year Built
1977
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Community
Exterior Features
Wood
Location
City
Oak Harbor
County
Island
Coordinates
48.29238, -122.65817
Additional Information
Tax Year
2025
Annual Taxes
$12,101
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 4:34 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.
