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Listed by COMPASS
$ 4,995,000
Est. payment /mo
Active
619 Commercial AVE Anacortes, WA 98221
0.34 Acres Lot
UPDATED:
01/08/2025 06:08 AM
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Old Town
MLS Listing ID 2293793
Style 75 - Retail
Year Built 1910
Annual Tax Amount $11,601
Lot Size 0.344 Acres
Lot Dimensions 100x150
Property Description
The iconic Keystone Building has been the anchor of downtown Anacortes for over 100 years! A vibrant city of prestigious marinas & aspiring artists, Anacortes's recent growth is legendary, making this investment a no-brainer. Poured concrete construction + new roof, skylight & recent sewer/foundation improvements mean you can focus on the fun things; exterior paint & bringing your own vision to this classic building. The well maintained interior has amazing historic details, all intact & waiting for your continued care & vision. Sale includes 1890 era cottage for retail or residential and two city lots in the back so you can expand or create something new! Cap rate 5.5%. List on the NHR to receive huge tax benefits with future restorations.
Location
State WA
County Skagit
Area 815 - Anacortes
Interior
Interior Features Ceramic Tile, Concrete, Hardwood, Wall to Wall Carpet
Flooring Ceramic Tile, Concrete, Hardwood, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Cement/Concrete
Roof Type Flat,See Remarks
Building
Sewer Sewer Connected
Water Community
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.