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$800,000

  • Sold
  • Closed
  • Land Residential
  • 0.2981 Acres

Listed by Allen G. Workman | John L. Scott Anacortes | (360) 293-2161
Sold by Nate Scott | Windermere RE Anacortes Prop.

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Prime Corner Lot - High Visibility Location Rare opportunity to own a premier corner lot at the busiest intersection in Anacortes, directly across from Safeway, the busiest shopping center in town. High traffic counts and exposure from 4 corners. Land only sale with income-producing ground lease in place through 2039. Zoned Commercial with flexible use options-retail, office, housing, and more. Excellent access from both Commercial Ave and 12th St. Strong current cash flow with future redevelopment potential. Current ground lease has end term in 2029 with 2-5year options to renew through 2034 and 2039. Yearly adustments of 6%. Lease is nnn.

Full Property Details for 1120 Commercial Ave

General

  • Sold For: $800,000
  • Taxes: $8,719 (2025)
  • Status: Closed
  • Type: Land Residential
  • Source: NWMLS
  • MLS ID: 2363469
  • Added to Site: 270 day(s) ago

Location

  • Area: 815 - Anacortes
  • County: Skagit
  • Subdivision: Anacortes
  • Driving Directions: I5 North, exit 230 to Anacortes. Travel west on HWY 20 to Anacortes. North on Commercial Ave to intersection of HWY 20 and 12th St

School Information

  • High School District: Anacortes
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify

Utilities

  • Electric Available: Yes
  • Sewer: Available
  • Water: Available
  • Utility Description: Electricity Connected, Natural Gas Available

Structural Information

  • Structure Type: Unspecified

Lot Features

  • Property View: Territorial
  • Lot Size (Acres): 0.2981
  • Lot Size (Sq. Ft.): 12,987
  • Lot Size Source: Appraisal
  • Lot Dimensions: 120 x 100
  • Street/Road Desc.: Paved
  • Topography: Level
  • Lot Features: Corner Lot
  • Zoning: Commercial

Financial Considerations

  • Tax Amount: $8,719
  • Tax Year: 2025
  • Terms: Cash Out, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: P55110
  • Block: 40
  • Lot Number: 17, 18, 19 and 20

Listed by Allen G. Workman | John L. Scott Anacortes | (360) 293-2161
Sold by Nate Scott | Windermere RE Anacortes Prop.

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NMLS#: 1598647

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with our affiliated lender
NMLS#: 1598647

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Schools serving 1120 Commercial Ave

School District:Anacortes School District
NameGradesDistance
Anacortes High School
1600 20th Street, Anacortes, WA 98221
9-120.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1120 Commercial Ave

Date
Details
Price
Change
Source
10/31/2025
Sold
$800,000
-17.1%
MLS
7/29/2025
Price Reduced
$965,000
-19.58%
MLS
4/22/2025
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Allen G. Workman | John L. Scott Anacortes | (360) 293-2161
Sold by Nate Scott | Windermere RE Anacortes Prop.

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1120 Commercial Ave, Anacortes, WA 98221 (MLS# 2363469) is a Land Residential property that was sold at $800,000 on October 31, 2025. Want to learn more about 1120 Commercial Ave? Do you have questions about finding other Land Residential real estate for sale in Anacortes? You can browse all Anacortes real estate or contact a Coldwell Banker agent to request more information.