Property Details
687 Airport Center Road
Friday Harbor, WA 98250
$2,925,000
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Property Overview
Multi Tenant Flex Use Commercial Investment Opportunity in Friday Harbor. Positioned just outside Friday Harbor’s downtown core, this well-maintained commercial property offers 11,500 sqft of versatile space in a strategic location. With close proximity to the Airport, Hospital, Post SJ, SJI Food Co-op & Bakery SJ, the property benefits from accessibility & a location that supports long-term tenant demand. Three UNITS downstairs; UNIT C 3000 sqft. Assembly has large open space w/2 WC, and other versatile spaces.UNIT D2 1900 sqft. Cabinet shop w/WC & Large side loading/garage door, UNIT D1 1000 sqft. Acupuncture/Wellness center w/WC & flex spaces. Upstairs has four spaces & a common space/hallway w/2 WC; one w/shower. UNIT F 1300 sqft. Dance Studio, UNIT E 1500 sqft. Office/Flex space w/Kitchen, UNITS G & H are 1150 sqft. 2 Bdrm Aptartments w/2 WC & laundry en-suite. Each Unit is Metered for power & water/sewer. Solar array on roof is net metered for large savings on electricity bill. 19 parking spots, recently resurfaced parking lot. A proven income-producing asset w/dependable cash flow & compelling potential. Its excellent upkeep, flexible layout & stable island market make it an attractive option for investors seeking both immediate performance and lasting value. For commercial real estate investors looking to secure a reliable, well-located asset in one of the San Juan Islands’ most desirable markets, this opportunity deserves serious consideration.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
San Juan
Neighborhood
Friday Harbor
Listed
Aug 7, 2026
Parcel Number
351491638000
Tax & HOA
Annual Property Tax
$11,030 (2026)
Est. Monthly Tax
$919/mo
Financial Summary
Cap Rate
4.00%
Net Operating Income
$115,730
Gross Scheduled Income
$139,800
Total Expenses
$24,070
Total Actual Rent
$11,650/mo
Building & Use
Building Sq Ft
11,500
Total Units
7
Sq Ft Rented
11,500
Zoning
Commercial
Possible Use
Commercial
Lot Size
15,873 sqft
Year Built
1998
Exterior & Lot
Lot Size
0.36 sqft
Year Built
1998
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Wood, Wood Products
Community & Access
Directions
Up Spring St Left on Airport Center Rd, last building on the left.
Location
City
Friday Harbor
County
San Juan
Coordinates
48.52999, -123.02429
Additional Information
Tax Year
2026
Annual Taxes
$11,030
Possession
Array
Based on information submitted to the MLS GRID as of August 8, 2026 2:15 AM. 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.
