1120 Commercial Ave

Anacortes, WA 98221

  • Bed

  • Bath

  • 0 SqFt

  • 1 DOM

  • Built:

  • Status: Active

$1,200,000

X

1120 Commercial Ave

Anacortes 98221

$1200000

  • Bed

  • Bath

  • 0 SqFt

  • 1 DOM

  • Built:

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

Prime Corner Lot – High Visibility Location Rare opportunity to own a premier corner lot at the busiest intersection in Anacortes, directly across from Safeway, the busiest shopping center in town. High traffic counts and exposure from 4 corners. Land only sale with income-producing ground lease in place through 2039. Zoned Commercial with flexible use options—retail, office, housing, and more. Excellent access from both Commercial Ave and 12th St. Strong current cash flow with future redevelopment potential. Current ground lease has end term in 2029 with 2-5year options to renew through 2034 and 2039. Yearly adustments of 6%. Lease is nnn.

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Residence Information

  • 0

  • 40 - Res-Less thn 1 Ac

Features and Utilities

  • Available

  • Available

Financial

  • 8719

  • Cash Out, Conventional

  • 04-22-2025

Comparable Information

  • 1

  • 1

  • Cash Out, Conventional

  • $1,200,000

  • $1,200,000

  • Apr 23, 2025 14:45

Schools

Elementary : Buyer To Verify N/A Ratings
Middle : Buyer To Verify N/A Ratings
High : Buyer To Verify N/A Ratings

Map

Listing courtesy of John L. Scott Anacortes.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Jun 06, 2025 19:28 | Listing last modified Apr 23, 2025 14:45. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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