$2,525,000
( )
 $13,555 est/mo Sourced by Back At You

849 Spring Street,Friday Harbor, WA 98250

Friday Harbor, WA 98250

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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 lotcreating 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.

Details

MLS #2542686
Listing TypeFor Sale
StyleCommercial Industrial
Sub-TypeResale
StatusActive
Year1993
Days On Site64
Listing Provided ByWindermere RE San Juan Islands | Gregory King

Features

ZoningCommercial
Acreage1.70

Taxes

Property13470

Area Information

StateWA
CountySan Juan
CityFriday Harbor
Zip Code98250
Area900 San Juan Island
Community NameTown
Listing VS Median (in Town)
Price:
$2,525,000
low | high
Med:
$560,000
100% of Average
On site:
64
low | high
Med:
80.5
79.503105590062% of Average
Sourced by Back At You

Market Activity 98250

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Learn More About This Property

StateWA
CountySan Juan
CityFriday Harbor
Zip Code98250
Area900 San Juan Island
Community NameTown
Listing VS Median (in Town)
Price:
$2,525,000
low | high
Med:
$560,000
100% of Average
On site:
64
low | high
Med:
80.5
79.503105590062% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.893M - $3.156M
sqft: 0 - 0
Listing Updated: July 17, 2026 at 5:58:14 PM PDT