199 Main Street
Orcas Island, WA 98245
$1,650,000
Price
2
Beds
2
Baths
3,344 Sq. Ft.
$493 / Sq. Ft.
3,344
Sq. Ft.
$493
per Sq. Ft.
Pending Feasibility
Pending Feasibility
Listing provided courtesy of Coldwell Banker Bain
Description
Surrounded by hotels, restaurants, and retail shops this property is in a prime location in the heart of Eastsound Village on beautiful Orcas Island. The 3300+ sq building is a retail space on the ground floor and an apartment upstairs. Zoning could allow for up to 40 units/acre, vacation rentals, hotel, restaurant, bar, retail sales, etc. Sizable 1.3 acre site with 2-story building, detached garage, parking lot, and established tenants to cover costs while you plan to develop or keep existing store...Surrounded by hotels, restaurants, and retail shops this property is in a prime location in the heart of Eastsound Village on beautiful Orcas Island. The 3300+ sq building is a retail space on the ground floor and an apartment upstairs. Zoning could allow for up to 40 units/acre, vacation rentals, hotel, restaurant, bar, retail sales, etc. Sizable 1.3 acre site with 2-story building, detached garage, parking lot, and established tenants to cover costs while you plan to develop or keep existing store front and turn apartment and/or garage into a profitable vacation rental right on Main Street. Property is also adjacent to public park where the farmer's market, concerts, and other community events are hosted.
- Listed by Tina Grace • Coldwell Banker Bain
Property Details for 199 Main Street
Community Name
Eastsound
School DistrictOrcas Island
ViewBay, Sound, Territorial
Number of Assigned Spaces10
Total Covered Parking2
Entry Date10-21-2024
Energy SourceElectric,Propane
SewerSeptic Tank, Sewer Connected
LISTING UPDATED: 11/26/2024 10:22 AM
Property Details for 199 Main Street
| Status | Pending Feasibility |
|---|---|
| MLS # | 2304190 |
| Days on Market | 36 |
| Cumulative Days on Market | 245 |
| Taxes | $4,408 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1974 |
| Lot Size | 1.37 AC / 59,642 SF |
| County | San Juan County |
Building Information for 199 Main Street
Stories2Residences2Year Built1974Building Size-Lot Size1.37 AC / 59,642 SF
Property Information for 199 Main Street
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: Deck, High Speed Internet, Propane, RV Parking
- Area: 901 - Orcas
- Elementary School: Orcas Elem
- Middle Or Junior School: Orcas Isl Mid
- High School: Orcas Isl High
- Directions: From ferry landing follow Orcas Road into town. Right turn on Main St. Building is on left, parking lot on west side of building.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Parking Type: RV Parking
- Open Parking Spaces: 8.0
- Open Parking: Yes
- Parking Features: RV Parking
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Laminate, Carpet
- Features: Laminate, Wall to Wall Carpet
- Amenities: Storage
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard, Insert, Radiator
- FIRPTA: No
Exterior Features
- Exterior: Wood, Wood Products
- Roof: Composition, Flat
Property
Utilities
- Water Source: Community
- Water/Sewer/Garbage: 1764
- Power Company: OPALCO
- Sewer Company: Eastsound Sewer & Water (ESWD)
- Water Company: Eastsound Water (EWUA)
- Power Production Type: Electric, Propane
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: County
- Zoning Class: Business,Commercial,Multi-Family,Office,Residential,Retail
- First Right Of Refusal: false
- Possible Use: Business, Commercial, Multi-Family, Office, Residential, Retail
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 23
Lot Information
- Lot Details: Adjacent to Public Land, Curbs, Paved, Sidewalk, Value In Land
- Lot Size Source: Tax Records
- Parcel Number Free Text: 271451011000
- Calculated Square Footage: 3344
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3344.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 8
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 2
- Units Below Grade: false
- Units In Building Total: 2
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 8172
- Gross Adjusted Income: 38064
- Gross Rent Multiplier: 35.67
- Gross Scheduled Income: $46,236
- Insurance Expense: $2,000
- Net Operating Income: $38,064
- Other Expenses: $0
- Total Monthly Income: 3853
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Square Feet Unit 1: 2166
- Rent Unit 1: $2,053.00
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 1178
- Rent Unit 2: $1,800.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 1
- Bathrooms Unit 2: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 4072.0
- Leasable Area Units: Square Feet
Property History for 199 Main Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 199 Main Street
Taxable ValueLand$433,680Additions$376,550Total$810,230
Tax Record2023$4,860 ($405 / month)
Home Facts
Total Finished SqFt3,344 SqFtAbove Ground SqFt3,344 SqFtStories2Lot Size59,634 SqFtStyleStoresYear Built1974CountySAN JUANAPN271451-011-000Fireplace TypeHas Fireplace
Schools near 199 Main Street
This home is within Orcas Island School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 12 |
Rating | School | Distance |
|---|---|---|
Orcas Island Elementary School PublicK to 5 | ||
Orcas Island Middle School Public6 to 8 | ||
Orcas Island High School Public9 to 12 | ||
Oasis K-12 PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Coldwell Banker Bain
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
