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987 Ault Field Road

Oak Harbor, WA 98277
  • $1,799,500
  • STATUS: Active
  • ON SITE: 70 Days
  • ID#: 1921437
UPDATED: 64 min ago
$1,799,500
  • 0
    BEDS
  • 1.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1951
County:

School Ratings & Info

Northwest MLS logoListing Courtesy of Fairhaven Realty Br Of Lakeway.

Description

This is an exceptional value as a cash flow investment and a long term hold, as well. 6.5 Cap rate. An excellent tenant in "Furniture World" who has been a tenant for over 20 years and wants to stay. This is the closest Commercial Building to the Whidbey Island Naval Air Station (150 feet from the main entrance to the Base). The current owner recently Silver Coated the entire roof in the last two years, upgraded the well, water system, septic system, & did major improvements to the storm water system. Substantial upgrades to the interior of the building as well.. The second tenant is the closest expresso drive up to the Naval base. The lot is 1.25 acres, the building is 26,120sq.ft. Please show and sell.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-07-02T10:15:10.483.

www.nwhomeexperts.com/homes/127989984
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987 Ault Field Road Oak Harbor, WA 98277

  • Price: $1,799,500
  • Status: Active
  • On Site: 70 Days
  • Updated: 64 min ago
  • ID#: 1921437
0
Beds
0
Baths
0
½ Baths
1.25
Acres
1951
Built
Neighborhood:
Oak Harbor
County:
Island
Area:
N. Whidbey Island
Property Description
This is an exceptional value as a cash flow investment and a long term hold, as well. 6.5 Cap rate. An excellent tenant in "Furniture World" who has been a tenant for over 20 years and wants to stay. This is the closest Commercial Building to the Whidbey Island Naval Air Station (150 feet from the main entrance to the Base). The current owner recently Silver Coated the entire roof in the last two years, upgraded the well, water system, septic system, & did major improvements to the storm water system. Substantial upgrades to the interior of the building as well.. The second tenant is the closest expresso drive up to the Naval base. The lot is 1.25 acres, the building is 26,120sq.ft. Please show and sell.
Exterior Features

Carport YN No Covered Spaces 30 Exterior Features Cement/ConcreteSee RemarksWood Lot Size Dimensions 220X192 Open Parking YN No Parking Total 60 Roof Composition Structure Type Unspecified Style Code 61 - Comm Bldg Ovr 10K Topography Level

Interior Features

Building Area Total 0 Fireplace YN No Flooring Carpet Furnished Unfurnished Interior Features Wall To Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Cumulative Days On Market 35 Energy Source ElectricPropane Foundation Details Poured ConcreteSlab Irrigation Water Rights YN No Listing Terms Cash OutConventionalSee Remarks Lot Number Lengthly Legal Net Operating Income 117482 Possession ClosingTenant's Rights Possible Use Commercial Power Company Pse Power Production Type ElectricPropane Property Sub Type Commercial Industrial Senior Community YN No Sewer Septic Tank Sewer Company Septic Special Listing Conditions None Tax Annual Amount 6085 Tax Year 2022 Utilities Septic SystemElectricity AvailablePropane Water Company Fischer Water Assoc Water Source Shared Well Zoning Class Commercial Zoning Jurisdiction County

Listing information © 2022 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by NW Home Experts and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-07-02T10:15:10.483.

 
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2211 Elliott Avenue Suite 200
Seattle WA, 98121
Northwest MLS logoListing Courtesy of Fairhaven Realty Br Of Lakeway.