1120 Commercial Ave , Anacortes, Wa 98221

WA, Anacortes
$965,000
  • 0.30 Acre
  • Land Property Type
  • Closed Status
Property Description

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.

Source: NWMLS
Basic Details
  • Property Type: Land
  • Listing Type: For Sale
  • Listing ID: 2363469
  • Price: $965,000
  • View: Territorial
  • Lot Area: 0.30 Acre
  • Status: Closed
  • Office Name: John L. Scott Anacortes
  • Agent Name: Allen G. Workman
  • Property Sub Type: Land
Features
  • Sewer Available
  • Utilities Natural Gas Available, Electricity Connected
Address Map
  • Country US
  • State WA
  • County Skagit
  • City Anacortes
  • Zipcode 98221
  • Street: Commercial Ave
  • Street Number: 1120
  • Longitude: W123° 23' 13.3''
  • Latitude: N48° 30' 46''
  • Directions: I5 North, exit 230 to Anacortes. Travel west on HWY 20 to Anacortes. North on Commercial Ave to intersection of HWY 20 and 12th St
  • Mls Area Major: 815 - Anacortes
Neighborhood
  • Elementary School: Buyer To Verify
  • High School: Buyer To Verify
  • High School District: Anacortes
  • Middle School: Buyer To Verify
Additional Information
  • Lot Size Dimensions: 120x100
  • Water Source: Available
  • Possible Use: Commercial
  • On Market Date: 2025-04-22
  • Lot Features: Corner Lot
Financial
  • Tax Annual Amount: 8719
Listing Information
  • List Agent Mls Id: 39514
  • List Office Mls Id: 9419
  • Listing Term: Cash Out,Conventional
  • Mls Status: Sold
  • Modification Timestamp: 2025-12-01T12:04:27Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2025-10-31T23:38:04Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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