USAWAFriday HarborTown869 849 Spring Street
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$2,525,000

For Sale

4 months ago

869 849 Spring Street, Friday Harbor, WA

MLS® 2542686

0 Bed

0 Bath

--

40 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $13,470
Days Active 108
Approx. Age 1993
MLS® Number 2542686

Property Address: 869 849 Spring Street, Friday Harbor, WA, 98250

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional opportunity to acquire Spring Street Square, an established income-producing asset in Friday Harbor. Offering approximately 20, 000± square feet across five buildings, the property is currently configured as 24 units with a strong, diverse tenant mix providing stable cash flow. Operating near capacity, the property currently delivers an attractive 6.5% cap rate, with projected returns of approximately 7.8% upon stabilization, presenting a compelling value-add investment opportunity. Ideally located with prominent Spring Street frontage, the property offers excellent visibility, ample parking, and close proximity to the hospital and airport. The sale includes two tax parcels, featuring an additional 0.55± acre vacant lot—creating valuable future development potential. Recent upgrades include installation of a fire suppression system, improvements to landings and railings, and exterior paint. With the option to incorporate short- or mid-term residential units, this property presents a unique opportunity to further diversify income, enhance long-term value, and capitalize on strong demand in one of the Pacific Northwest's most desirable island communities.
MLS® Number2542686
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1993
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatDuctless, Wall Furnace
A/CDuctless

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 22, 2026List Date
$2,525,000List Price
  • Commute

Commute

Starting Address
Destination Address
869 849 Spring Street, Friday Harbor, WA

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