25 W Nichols Street, Friday Harbor, WA 98250
- $1,300,000
Listing Broker: Coldwell Banker Bain; Stephanie L Buffum; 360-472-0404; sbuffum4@gmail.com
- List Price
- $1,300,000
- Status
- ACTIVE
- MLS#
- 2585118
- Days on Market
- 1
Property Description
An unparalleled two-parcel commercial portfolio is now available in Friday Harbor's downtown core on San Juan Island. Located at a premium address within walking distance of the ferry and marina, this rare corner lot ensemble includes 3 stable tenants and redevelopment or expansion potential. Located in the historical and commercial heart of the Town, this property is surrounded by vibrant shops, galleries, restaurants, farmers' market, and movie theatre. This portfolio offers immediate, reliable commercial income, as well as a seamless path toward future luxury hospitality development. Friday Harbor serves as the primary gateway to the San Juan Islands, welcoming hundreds of thousands of travelers each year. TPN 351358032000, 65 Nichols business is .09 acres with a 1008 sf building; TPN 351358033000, 25 Nichols, is 0.08 ac, with one 816 sf. building and 400 sf building. All three businesses operate under a commercial lease structure, ensuring peace of mind and strong yield performance from day one. Whether your strategy is to maintain the existing buildings and enjoy triple-net-style returns from these businesses, or to develop a luxury hotel and retail sales, this portfolio allows you to secure your footprint in the Islands. Financials, lease agreements, and Town plans available. Will consider selling each parcel separately with assignment of lease for each business. Don’t miss this unique opportunity.
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Additional Information
- Community
- Friday Harbor
- Building Condition
- Good
- # of Assigned Spaces
- 6
- Potential Terms
- Cash, Conventional, SBA
- Driving Directions
- From ferry terminal walk up East Street, dogleg left on First Street S to A Street. 1 block up A Street to Nichols Street West. The 2 parcels begins on the corner lot.
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