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5577 Vanbarr Place Freeland, WA $ 897,500
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$ 897,500 Get more info
5577 Vanbarr Place
$ 897,500
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Share Save

5577 Vanbarr Place

Freeland, WA, 98249
$ 897,500
Bedrooms-- Baths--

Monthly Estimate*

$ 5,599

Listed by Windermere Whidbey Island
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Commercial Property for sale in Freeland, WA

for $897,500. This building was built in 1976 on a lot size of 0.35.

Excellent investment opportunity w/this commercial building in the heart of Freeland, WA on beautiful Whidbey Island. Currently a successful medical practice, this property sees a 7.7% cap rate w/long-term triple net tenants. The building underwent an extensive remodel in 2016. Improvements include: NEW store front, LVP flooring, snaploc metal roof, HVAC, water heater w/recirculating pump, solid oak doors, 6 exam rooms complete w/sinks, interior & exterior paint, upgraded fiberoptic cabling, lighting, bath fixtures, maple cabinets throughout, & 1 procedure room w/storage, sink & operatory light. Property sale includes grade level storage containers w/8 bays behind the building. Well maintained w/solid tenants equals a great opportunity!

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Commercial Active

Price

$ 897,500

Property Type

Commercial

Taxes

$ 0

Style

Comm Bldg Und 10K

Lot Size

0.35

Year Built

1976

Town/City

Freeland

County/Region

Island

MLS | Web ID

2318520
Features
General
Living Area 0
Sewer Septic Tank
Heating 90%+ High Efficiency Heat Pump Hot Water Recirc Pump
Cooling Heat Pump
Possession Closing Subject to Tenant Rights
Roof Metal
HOA Fee 0
Year Built 1976
Topography Level
Property Subtype Commercial Industrial
Tax Year 2024
County Island
Net Operating Income 76650
Property Type Commercial Sale
HOA N
Subdivision Name Freeland
Possible Use Commercial Office
Building Features Disabled Access Signage Included Storage
Special Listing Conditions None
Status Active
Directions From Hwy 525 to Freeland turn onto Main Street to Right on Vanbarr Place. Building is last on the left.
City Freeland
Senior Community Y/N N
Zoning Description Commercial Office
MLS Area 811 - South Whidbey Island
Lot Size Units Square Feet
Lot Size Square Feet 15246
Carport Y/N N
Listing Terms Cash Out Conventional
Property Condition Good
Public Remarks Excellent investment opportunity w/this commercial building in the heart of Freeland WA on beautiful Whidbey Island. Currently a successful medical practice this property sees a 7.7% cap rate w/long-
Virtual Tour https://snowberrylanephotography.hd.pics/d/995EED8C546C4C428
Structure Type Unspecified
Building Area Units Square Feet
Standard Status Active
Water Company Freeland Water
Total Actual Rent 6500
Property Style 60 - Comm Bldg Und 10K
Cap Rate 8
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Exterior
Exterior Amenities Cement/Concrete
Water Source Public
Total Parking 22
Foundation Details Slab
Building Area Total 0
Lot Size Acres 0.35
Irrigation Water Rights Y/N N
Parking Uncovered Total 22
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Interior
Flooring Vinyl Plank
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Ceiling Height 9
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2318520
Street Number 1 5577
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* Excluded Features
List By
Coreen Lerch

Listing Agent

Windermere Whidbey Island

Broker

Affordability Calculator

$5,599
Per Month
100%
0%
0%
Monthly Principal & Interest
$5,599
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/1/2025$897,500 -9.80% Price Down
1/2/2025$995,000 Listed Price

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5577 Vanbarr Place, Freeland, WA, 98249 is a Commercial Property for sale at $897,500 with a lot size of 0.35. 5577 Vanbarr Place was built in 1976. The property's zip code is 98249 which is in Freeland, WA

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