Provided by NWMLS, Listed by Fairhaven Realty br of Lakeway
Active
987 Ault Field Road
Oak Harbor WA, 98277
$1,599,950
Active
Commercial
Built in 1951
$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.
1921437
MLSⓇ ID
April 22, 2022
Listed
March 21, 2024
Updated
Map
987 Ault Field Road
Oak Harbor WA, 98277
Interior Features
Interior Features
Wall to Wall Carpet
Floor Description
Carpet
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.25 Acres
Exterior Features
Cement/Concrete, See Remarks, Wood
Roof
Composition
Sewer
Septic Tank
Other Property Details
Area Name
813 - North Whidbey Island
Taxes
$4,497
Tax Frequency
Annually
Garage
No
Parking Total
60
View
No
County
Island
Water Source
Community, See Remarks
Pool
No
Buyer Agency Compensation
2.5%
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Data last updated on 5/5/2024 at 12:00 AM UTC