105 1st Street, Langley, WA 98260
- $2,495,000
Listing courtesy of Better Homes&Gardens McKenzie.
- List Price
- $2,495,000
- Status
- ACTIVE
- MLS#
- 2410811
- Price Change
- ▼ $105,000 1769037055
- Days on Market
- 372
- Annual Tax Ammount
- 15230
Property Description
A rare opportunity to own a landmark building in the heart of downtown Langley! This recently updated commercial property is home to three strong tenants and offers nearly a 7% cap rate. Two tenants are secured with brand-new, long-term NNN leases, while the third is on a flexible month-to-month lease—ideal for investors or potential owner-operators. Major recent upgrades include fresh exterior paint, a new fire suppression system, sprinklers, and a modernized lobby with elevator access. The property also boasts 12 dedicated parking spaces, plus convenient street parking. A rock-solid investment in a premium location—don’t miss your chance to own this standout downtown asset!
/u.realgeeks.media/rolandacarriere/header.png)
Additional Information
- Community
- Langley
- Building Condition
- Updated/Remodeled
- Style
- 73 - Office
- Year Built
- 1982
- Roof
- Torch Down
- Tax Year
- 2024
- Potential Terms
- Cash Out, Conventional
- Driving Directions
- GPS Friendly.
- Other Expenses
- 3600
- Energy Source
- Electric
- Net Operating Income
- $173,443
- Gross Adjusted Income
- $204,327
- Gross Scheduled Income
- $213,644
- Water/Sewer/Garbage Expenses
- $6,564
- Vacancy Rate
- 5
- Total Expenses
- $30,884
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.