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$ 2,525,000
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$2,525,000
Price -
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Bed -
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Bath -
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SqFt
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About the Listing 9615 - 42434,35536
Exceptional opportunity to acquire Spring Street Square, an established income-producing asset in Friday Harbor. Offering approximately 20,000± square feet across five buildings, the property is currently configured as 24 units with a strong, diverse tenant mix providing stable cash flow. Operating near capacity, the property currently delivers an attractive 6.5% cap rate, with projected returns of approximately 7.8% upon stabilization, presenting a compelling value-add investment opportunity. Ideally located with prominent Spring Street frontage, the property offers excellent visibility, ample parking, and close proximity to the hospital and airport. The sale includes two tax parcels, featuring an additional 0.55± acre vacant lot—creating valuable future development potential. Recent upgrades include installation of a fire suppression system, improvements to landings and railings, and exterior paint. With the option to incorporate short- or mid-term residential units, this property presents a unique opportunity to further diversify income, enhance long-term value, and capitalize on strong demand in one of the Pacific Northwest's most desirable island communities.
Listing Highlights
Status
Active
Days on Site
8
Property Type
Commercial Sale
MLS ®
2542686
Year Built
1993
Total Square Footage
0
Lot/Acreage
1.7
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Ductless
- Heating: Ductless,Wall Furnace
- Fireplaces: 0
- Floor: Ceramic Tile,Concrete,Laminate,Vinyl,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: TOFH
Exterior Details
- Lot Description: Zoning: Commercial
- Garage Capacity: N/A
- Parking Spaces: 40
- Zoning: Commercial
- Roof: Composition
- Others: Wood
- Sewer: TOFH
Financial Details
- Tax Amount: $13,470
- Taxes w/Assessments: N/A
- Tax/Property ID: 351491613000
- Tax Year: 2026
Payment Calculator
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Questions About..
849 Spring St Friday Harbor, WA 98250
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