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308 1st Street

Langley, WA 98260
  • $2,500,000
  • STATUS: Active
  • ON SITE: 201 Days
  • ID#: 1935548
UPDATED: 14 min ago
$2,500,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1987
County:

School Ratings & Info

Northwest MLS logoListing Courtesy of Keller Williams Realty Bothell: 425-482-6100.


Description

EXTRAORDINARILY RARE. Whidbey Island commercially zoned waterfront in the heart of seaside Langley Village. Build to "Highest & Best use." Potential destination hotel, or executive mix-use condo community. Panoramic views of Saratoga Passage & Cascade Mtns. 68+/- ft of medium bank waterfront w/City owned bulkhead. Water & sewer connection avail. This flat to sloped 0.21 =/- acre parcel is sub-dividable via short plat under central business zoning. Turbo charge return investment, with well-positioned existing building containing 4 desirable rental spaces. 3 ground level spaces could be transformed to 1 large 2044 sq.ft. space + upper 1br/1ba 672 sqft apartment. Seller Financing 5.25% interest rate, 3-4 yr. Balloon, 30 yr. amortize, 50% down!

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Alchemy Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2022-12-06T18:14:33.56. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".



Based on information submitted to the MLS GRID as of 2022-12-06T18:14:33.56. 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.
www.alchemyre.com/homes/128859979
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308 1st Street Langley, WA 98260

  • Price: $2,500,000
  • Status: Active
  • On Site: 201 Days
  • Updated: 14 min ago
  • ID#: 1935548
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1987
Built
Neighborhood:
Langley
County:
Island
Area:
South Whidbey Island
Property Description
EXTRAORDINARILY RARE. Whidbey Island commercially zoned waterfront in the heart of seaside Langley Village. Build to "Highest & Best use." Potential destination hotel, or executive mix-use condo community. Panoramic views of Saratoga Passage & Cascade Mtns. 68+/- ft of medium bank waterfront w/City owned bulkhead. Water & sewer connection avail. This flat to sloped 0.21 =/- acre parcel is sub-dividable via short plat under central business zoning. Turbo charge return investment, with well-positioned existing building containing 4 desirable rental spaces. 3 ground level spaces could be transformed to 1 large 2044 sq.ft. space + upper 1br/1ba 672 sqft apartment. Seller Financing 5.25% interest rate, 3-4 yr. Balloon, 30 yr. amortize, 50% down!
Exterior Features

Carport YN No Covered Spaces 0 Exterior Features Wood Lot Size Dimensions 66.5 X 140.5 Open Parking YN No Parking Total 0 Roof Composition Structure Type Unspecified Style Code 60 - Comm Bldg Und 10K Topography LevelSloped

Interior Features

Building Area Total 0 Fireplace YN No Flooring Ceramic TileVinylCarpet Furnished Unfurnished Heating Cooling Type Wall Heating YN Yes Interior Features Ceramic TileWall To Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Cumulative Days On Market 166 Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventionalOwner Financing Lot Number 17Part1819Part Possession Closing Possible Use BusinessCommercialMulti-FamilyOfficeRetail Power Company Pse Power Production Type Electric Property Condition Very Good Property Sub Type Commercial Industrial Senior Community YN No Sewer Sewer Connected Sewer Company City Of Langley Special Listing Conditions None Tax Annual Amount 6543 Tax Year 2021 Utilities Sewer ConnectedElectricity Available Water Company City Of Langley Water Source Public Zoning Class BusinessCommercialMulti-FamilyOfficeRetail Zoning Jurisdiction City

Listing information © 2022 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Alchemy Real Estate and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Alchemy Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2022-12-06T18:14:33.56. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".



Based on information submitted to the MLS GRID as of 2022-12-06T18:14:33.56. 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.
 
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Alchemy Real Estate
88 E Hamlin St
Seattle WA, 98102
Northwest MLS logoListing Courtesy of Keller Williams Realty Bothell: 425-482-6100.