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987 Ault Field Road

Oak Harbor, WA 98277
  • $1,599,950
  • STATUS: Active
  • ID#: 1921437
$1,599,950
  • 0
    BEDS
  • 1.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1951
County:

School Ratings & Info

Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Fairhaven Realty br of Lakeway.
Mortgage Calculator is provided by BoomTown.

Description

$100, 000 Price Reduction. This is an exceptional value as a cash flow investment and a long term hold, as well. 7.74 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.

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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 Icon Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-04-19T15:42:19.173. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-04-19T15:42:19.173. 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.
www.iconrealestategroup.com/homes/127989984
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987 Ault Field Road Oak Harbor, WA 98277

  • Price: $1,599,950
  • Status: Active
  • On Site: Days
  • ID#: 1921437
0
Beds
0
Baths
0
½ Baths
1.25
Acres
1951
Built
Neighborhood:
Oak Harbor
County:
Island
Area:
813 - North Whidbey Island
Property Description
$100, 000 Price Reduction. This is an exceptional value as a cash flow investment and a long term hold, as well. 7.74 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.
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 Cooling YN No Fireplace YN No Flooring Carpet Heating YN No Interior Features Wall to Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN No Energy Source ElectricPropane Foundation Details Poured ConcreteSlab Irrigation Water Rights YN No Listing Terms Cash OutConventionalSee Remarks Lot Number Lengthly legal Net Operating Income 123810 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 4497 Tax Year 2024 Water Company Fischer Water Assoc Water Source CommunitySee Remarks Zoning Class Commercial Zoning Jurisdiction County



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 Icon Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2024-04-19T15:42:19.173. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2024-04-19T15:42:19.173. 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.
 
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Icon Group
11223 SE 248th Street
Kent WA, 98030
Northwest MLS logo Listing information ©2024 Northwest MLS. Listing courtesy of Fairhaven Realty br of Lakeway.
Mortgage Calculator is provided by BoomTown.