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Listed by:COMPASS • Emily Shepodd
$2,800,000
Est. payment /mo
4,791 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Coupeville
MLS Listing ID 2528407
Style 60 - Comm Bldg Und 10K
Year Built 1912
Annual Tax Amount $10,415
Lot Size 4,791 Sqft
Lot Dimensions 60 x 69
Property Sub-Type Commercial Industrial
Property Description
Positioned along one of Whidbey Island's most iconic waterfront corridors, this rare mixed-use investment opportunity offers over 60 feet of coveted commercial frontage in the heart of historic Coupeville. The meticulously restored seven-unit property includes four street-level commercial spaces and three licensed short-term rental units, creating diversified income potential in a highly sought-after destination market. Nearly every unit captures sweeping views of Penn Cove, with front-row access to the island's marine wildlife, boating activity, and vibrant waterfront atmosphere.Extensive capital improvements have already been completed, including new pilings, siding, and major system upgrades, allowing investors to step into a stabilized asset with strong operational history and immediate cash flow. Offered with two parcels, the property also presents future upside through expansion, redevelopment potential, or continued optimization of rental income. Located minutes from Fort Ebey, the Coupeville–Port Townsend ferry, and convenient routes to Seattle, Bellevue, and Everett, this is a rare opportunity to acquire a legacy waterfront asset in one of the Pacific Northwest's most desirable tourism-driven markets.
Location
State WA
County Island
Area 812 - Central Whidbey Island
Interior
Flooring Ceramic Tile, Laminate
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Waterfront Description Medium Bank,Saltwater,Sound
Roof Type Composition,Torch Down
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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