987 Ault Field Road Oak Harbor, WA $ 1,599,950
987 Ault Field Road
$ 1,599,950
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987 Ault Field Road

Oak Harbor, WA, 98277
$ 1,599,950
Baths0.0

Monthly Estimate*

$ 10,634

Listed by Fairhaven Realty br of Lakeway
987 Ault Field Road, Oak Harbor, WA 98277 - Image 1
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987 Ault Field Road, Oak Harbor, WA 98277 - Image 13
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987 Ault Field Road, Oak Harbor, WA 98277 - Image 19
Studio

Commercial Property for sale in Oak Harbor, WA

for $1,599,950. This building was built in 1951 on a lot size of 1.25.

$100, 000 Price Reduction. This is an exceptional value as a cash flow investment and a long term hold, as well. 7.74 Cap rate. An excellent tenant in "Furniture World" who has been a tenant for over 20 years and wants to stay. This is the closest Commercial Building to the Whidbey Island Naval Air Station (150 feet from the main entrance to the Base). The current owner recently Silver Coated the entire roof in the last two years, upgraded the well, water system, septic system, & did major improvements to the storm water system. Substantial upgrades to the interior of the building as well.. The second tenant is the closest expresso drive up to the Naval base. The lot is 1.25 acres, the building is 26,120sq.ft.

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Commercial Active

Price

$ 1,599,950

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 4,497

Style

Comm Bldg Ovr 10K

Lot Size

1.25

Year Built

1951

Town/City

Oak Harbor

County/Region

Island

MLS | Web ID

1921437

Features
General
Interior Features Wall to Wall Carpet
Sewer Septic Tank
Possession Closing Tenant's Rights
Roof Composition
Exterior Features Cement/Concrete See Remarks Wood
HOA 0
Year Built 1951
Topography Level
Property SubType Commercial Industrial
Tax Year 2024
County Island
Net Operating Income 123810
Insurance Expense 8251
Property Type Commercial Sale
HOA / Comm Assn N
Subdivision Name Oak Harbor
Possible Use Commercial
Building Features Disabled Access Signage Included Storage
Special Listing Conditions None
Status Active
Directions Drive on highway 20 to Ault Road to address.
City Oak Harbor
Buyer Agent Compensation 2.5
Senior Community Y/N N
NumberOfUnitsTotal 2
MLS Area 813 - North Whidbey Island
Lot Size Units Square Feet
Lot Size Square Feet 54450
Carport Y/N N
Street Name Ault Field
Listing Terms Cash Out Conventional See Remarks
Tax Annual Amount 4497
Property Condition Remodeled
Public Remarks $100 000 Price Reduction. This is an exceptional value as a cash flow investment and a long term hold as well. 7.74 Cap rate. An excellent tenant in Furniture World who has been a tenant for over
Structure Type Unspecified
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Water Company Fischer Water Assoc
Total Actual Rent 11185
Zoning Class Commercial
Property Style 61 - Comm Bldg Ovr 10K
Cap Rate 7.74
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Interior
Flooring Carpet
Total Fireplaces 0
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Bedrooms Possible 0
Power Production Type Electric Propane
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Water Source Community See Remarks
Total Parking 60
Foundation Details Poured Concrete Slab
Building Area Total 0
Lot Dimensions 220x192
Street Suffix Road
Lot Size Acres 1.25
Covered Spaces 30
Open Parking Y/N N
Irrigation Water Rights Y/N N
Site Frontage 220
Parking Uncovered Total 30
Lot Number Lengthly legal
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Internal Only
OriginalMLSID NWM1921437
Street Number 1 987
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* Excluded Features
List By
David Moody

Listing Agent

Fairhaven Realty Br Of Lakeway

Broker

Affordability Calculator

$11,009
Per Month
97%
3%
0%
Monthly Principal & Interest
$10,634
Monthly Property Taxes
$375
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/21/2023$1,599,950 -4.02% Price Down
9/30/2022$1,667,000 -1.91% Price Down
7/13/2022$1,699,500 -5.56% Price Down
4/22/2022$1,799,500 Listed Price

Map


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987 Ault Field Road, Oak Harbor, WA, 98277 is a Commercial Property for sale at $1,599,950 with a lot size of 1.25. 987 Ault Field Road is a studio with 0.0 baths and was built in 1951. The property's zip code is 98277 which is in Oak Harbor, WA