About this home

Prime location in Freeland. Solid business occupy three spaces Farmers Insurance, Chicago Title and Poptop World. This commercial building is in an excellent location and fully leased. The going rate for these offices is $2.00 per square foot. The tenants are stable and long term. The cap rate for this building is 8%. The building itself is in excellent condition. A new roof has been scheduled to be completed in the summer of 2026. This is an excellent investment!

Exterior features

Wood

Property details

Heating: Heat Pump
Cooling: Central Air, Wall Unit(s)
Flooring: Ceramic Tile, Vinyl, Carpet
Water source: Public
Sewer: Septic Tank

Costs

Annual taxes: $2,821 (2024)

Estimate your monthly payment

$3,749/mo

Principal & interest: $3,514
Property taxes: $235

Down payment (20%) $139,000 Interest rate (%) Loan term (years)

Loan amount $556,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Freeland, WA 98249

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Windermere RE/South Whidbey— Mary Matthew.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

Request a private tour or ask a question — a local agent will respond personally.