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Listing Firm: Windermere Whidbey Island: Coreen Lerch

Active
NWMLS # 2318520

5577 Vanbarr Place , Freeland, WA 98249

Listings with the three tree icon are courtesy of NWMLS

About This Property

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!

Aris360 Last Checked: 3 Minutes Ago (May 27, 2025 07:13 PM)

  • Source: NWMLS as Distributed by MLS Grid #2318520

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Vanbarr
  • Zip/Postal Code: 98249
  • City: Freeland

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$3,847 per month
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Property Features

  • County
    • Freeland
  • Community
    • 811 - South Whidbey Island
  • MLS Area
    • 811 - South Whidbey Island
  • Longitude
    • -122.526759
  • Latitude
    • 48.008593
  • Directions
    • From Hwy 525 to Freeland turn onto Main Street to Right on Vanbarr Place. Building is last on the left.

  • Floors
    • Vinyl Plank
  • Power Production Type
    • Electric

  • Style
    • 60 - Comm Bldg Und 10K
  • Parking Spaces
    • 22
  • Foundation
    • Slab,
  • Topography
    • Level
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Cement/Concrete
  • Roof
    • Metal,
  • Septic or Sewer
    • Septic Tank,
  • Condition
    • Good,
  • Water
    • Freeland Water
  • Building Total Area (Sq. Ft.)
    • 15246

  • Possession
    • Closing,
    • Tenant's Rights,
  • Property Type
    • Commercial Sale
  • Property SubType
    • Commercial Industrial
  • Tax Year
    • 2024
  • Structure Type
    • Land,
  • Year Built
    • 1976
  • Effective Year Built
    • 1982
  • Status
    • Active

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Disclaimer: Based on information submitted to the MLS GRID as of Tue May 27 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

May 27, 2025 07:13 PM