849 Spring ST, Friday Harbor, WA 98250
849 Spring ST, Friday Harbor, WA 98250
849 Spring ST, Friday Harbor, WA 98250
849 Spring ST, Friday Harbor, WA 98250
849 Spring ST, Friday Harbor, WA 98250
849 Spring ST, Friday Harbor, WA 98250
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Nicole Aleshchenko

Nicole Aleshchenko

+1(206) 412-1930
Listed by:Windermere RE San Juan Islands • Gregory King
$ 2,525,000
Est. payment | /mo

1.7 Acres Lot

Save
$ 2,525,000
Est. payment | /mo
Save

1.7 Acres Lot

Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Town

MLS Listing ID 2542686

Style 61 - Comm Bldg Ovr 10K

Year Built 1993

Annual Tax Amount $13,470

Lot Size 1.696 Acres

Property Sub-Type Commercial Industrial

Property Description

Exceptional opportunity to acquire Spring Street Square, an established income-producing asset in Friday Harbor. Offering approximately 20,000± square feet across five buildings, the property is currently configured as 24 units with a strong, diverse tenant mix providing stable cash flow. Operating near capacity, the property currently delivers an attractive 6.5% cap rate, with projected returns of approximately 7.8% upon stabilization, presenting a compelling value-add investment opportunity. Ideally located with prominent Spring Street frontage, the property offers excellent visibility, ample parking, and close proximity to the hospital and airport. The sale includes two tax parcels, featuring an additional 0.55± acre vacant lot—creating valuable future development potential. Recent upgrades include installation of a fire suppression system, improvements to landings and railings, and exterior paint. With the option to incorporate short- or mid-term residential units, this property presents a unique opportunity to further diversify income, enhance long-term value, and capitalize on strong demand in one of the Pacific Northwest's most desirable island communities.

Location

State WA

County San Juan

Area 900 - San Juan Island

Interior

Flooring Ceramic Tile, Concrete, Laminate, Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Wood

Roof Type Composition

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Conventional

Listing Terms Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

Nicole Aleshchenko

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(206) 412-1930

nicole@teamnsrg.com

1400 112th Ave SE, Suite 100, Bellevue, WA 98004, United States

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849 Spring ST