$995,000
( )
$5,341 est/mo Sourced by Back At You5577 Vanbarr Place , Freeland, WA 98249
Freeland, WA 98249
Welcome to 5577 Vanbarr Place, a commercial building investment property that is home to a thriving medical practice.
Reception area to the left of entering.
Reception area
To the right of reception is the hallway leading to offices and exam rooms. The center of the building houses the reception area, an office, bathroom & operatory room.
Reception area
Exam room currently houses a lab.
Hall restroom
Looking towards the reception/waiting room.
Shared work space in the center of the building.
Exam room
A view of the sink base.
Operatory room
Exam room
Exam room
Exam Room
Looking to the hallway from the exam room
Hall looking from reception area towards the back of the building.
Second restroom
Employee restroom
A look into the operatory room.
The operatory room.
Kitchen and shared office space.
On the south side of the building, a look toward the waiting room/reception area.
Exam room
Exam Room
Exam Room
A total of six Exam rooms and one operatory room.
Reception office space
Birds eye view
Great proximity to Hwy 20 and all of Freeland
Another view showing proximity to highway and downtown Freeland
The parking area and front of the building.
North side of the building
Storage units in back of property
South side of building
Floor Plan
Description
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!
Details
| MLS# | 2318520 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1976 |
| Days On Site | 18 |
| Listing Provided By | Windermere Whidbey Island | Coreen Lerch |
Features
| Acreage | 0.35 |
|---|
Market Activity 98249
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Learn More About This Property
| State | WA |
|---|---|
| County | Island |
| City | Freeland |
| Zip Code | 98249 |
| Area | 811 South Whidbey Island |
| Community Name | Freeland |
| Listing VS Median (in Freeland) | |
Price: $995,000 low | high Med: $679,000 On Site: 18 low | high Med: 17.000000 | |
Listing Updated: January 2, 2025 at 2:06:34 PM PST