Barlow $559K 9.75 CAP 1421 SW Barlow St Local commercial 286 m² À vendre Oak Harbor, WA 98277 482 344 € (1 685,69 €/m²)

Investor Opportunity 9.75 CAP The subject property is a 3,000 square foot commercial facility located along Oak Harbor’s primary Highway 20 commercial corridor and zoned C-3, supporting a wide range of retail, office, and service-oriented uses. The building is configured as two legally demised suites of approximately 1,000 square feet and 1,900 square feet, allowing for flexible owner-user or dual-tenant occupancy. Each suite is independently metered for gas and electricity and is equipped with its own 100-amp electrical panel, providing operational autonomy and efficient cost allocation.
The building has been substantially upgraded with infrastructure that exceeds typical retail or office standards. Improvements include dual-filtration HVAC systems, rigid ducting, LED lighting throughout, dedicated low-voltage pathways, UPS-supported IT infrastructure, and a Honeywell DVR-based security system. The facility is further supported by a heavy-grade TPO roof, solar-powered exterior lighting, and paved rear access designed to enhance long-term durability and operational reliability.
The site encompasses a 50' × 250' parcel totaling approximately 0.287 acres and offers strong curb appeal and functional site amenities. Improvements include two illuminated monument signage panels, lighted awnings, exterior power access, professionally maintained landscaping, community parking, and six to seven private rear parking stalls. A fenced and lockable dumpster enclosure is accessible via recorded easement, supporting efficient service access while maintaining a clean site presentation.
Suite 1 is highly specialized, featuring commercial storefront glazing, custom millwork, dedicated display lighting circuits, window light-box connections with timers, hardwired audio, and a UL-rated TL-30 vault. Suite 2 provides a more open and adaptable layout suitable for medical, wellness, professional office, salon, or specialty retail use. The property has historically housed Whidbey Jeweler Gemologist | Goldsmith, reflecting the caliber of buildout and security infrastructure present.
The location benefits from consistent demand driven by Naval Air Station Whidbey Island, a major regional economic anchor with approximately 11,000 personnel and an estimated annual economic impact exceeding $1 billion. Long-range housing growth and continued commercial development within Oak Harbor further reinforce the strength and longevity of the Highway 20 corridor. Overall, the asset is well suited for an owner-occupant seeking independent utility control and premium infrastructure, or for an investor targeting a durable, dual-tenant commercial property with broad applicability across multiple use types.