199 Main Street, Orcas Island, WA 98245
- $1,795,000
Listing courtesy of COMPASS.
- List Price
- $1,795,000
- Status
- ACTIVE
- MLS#
- 2549784
- Days on Market
- 25
- Annual Tax Ammount
- 7944
Property Description
Located in the heart of Eastsound Village, this exceptional mixed-use property offers unmatched flexibility, investment potential, and a premier Main Street location. Set on 1.37 acres with Village Commercial zoning, the 3,344-square-foot building features a spacious two-bedroom, two-bath residence with expansive living areas, a cozy wood-burning fireplace, and views of the bay, sound, and surrounding village. The lower commercial unit is currently leased with approximately two years remaining on the lease, providing immediate income. The south-facing property is bordered by public land and offers abundant parking, RV parking, high-speed internet, community water and sewer, and easy access to shops, restaurants, the waterfront, and all the amenities of Eastsound. A detached garage, partially fenced grounds, and generous open space provide opportunities for continued use, expansion, or redevelopment. One of the property's most extraordinary attributes is its size, location, and zoning. This is one of the last semi-undeveloped commercial/residential properties with frontage on Eastsound's premier downtown Main Street. Village Commercial zoning allows for development of up to 40 units per acre (buyer to verify). A completed wetland study is available, adding significant value for future planning. Opportunities of this scale and prominence in the heart of Eastsound are exceptionally rare, making this one of Orcas Island's premier investment and development offerings.
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Additional Information
- Community
- Eastsound
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1974
- # of Assigned Spaces
- 8
- Roof
- Composition, Flat
- Tax Year
- 2026
- Potential Terms
- Cash, Conventional
- Flooring
- Laminate, Carpet
- Driving Directions
- From ferry landing follow Orcas Road into town. Right turn on Main St. Building is on left, parking lot on west side of building.
- Electric Expenses
- 200
- Energy Source
- Electric, Propane
- Net Operating Income
- $45,000
- Gross Adjusted Income
- $60,000
- Gross Scheduled Income
- $80,000
- Water/Sewer/Garbage Expenses
- $200
- Total Expenses
- $16,444
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.