1120 Commercial Ave Anacortes, WA 98221
Property details
About 1120 Commercial Ave
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.
Highlights
Summary
- View: Territorial
- List Price: $1,200,000
- Lot: Corner Lot
- 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
- Lot Size: 0.2981 Acres
- MLS Number: 2363469
- MLS Name: NWMLS
- Office Name: John L. Scott Anacortes
- Office Phone: (360) 293-2161
- Listing Agent: Allen G. Workman
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest Multiple Listing Service IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2025 Northwest MLS. All rights reserved.
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Disclaimer: Information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. NorthwestMLS
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Last updated on: 5/2/2025, 2:47:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,200,000
1120 Commercial Ave
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Price information
Property sales
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Tax history
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Nearby schools
6
Island View Elementary School
Public District KG-5
0.9 mi
•2501 J Ave
7
Mount Erie Elementary School
Public District KG-5
1.8 mi
•1313 41st St
7
Fidalgo Elementary School
Public District KG-5
4.8 mi
•13590 Gibralter Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $35,732. The most common annual income of people living in Anacortes, WA is less than $<35k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
PGA/LPGA
Figure Skating
Pro Boxing
Where do the neighbors shop?
Chico's
Burlington
Stein Mart
Where do the neighbors go to eat?
Cracker Barrel
Bob Evans
Popeyes
What do the neighbors drive?
Buick
Oldsmobile
Dodge
What do the neighbors listen to?
Soft Adult Contemporary
News
Urban Contemporary
Frequently asked questions
Living in Anacortes, WA
Transportation in Anacortes is designed to accommodate both residents and visitors, with a focus on accessibility and convenience. The town features a network of roads that connect to major highways, facilitating travel to nearby cities and attractions. Public transportation options are available, providing connections to key destinations within the town and beyond. Anacortes also supports alternative modes of transport, with pedestrian-friendly pathways and bike routes that encourage residents to enjoy the town's scenic beauty while reducing their carbon footprint.
The community of Anacortes is served by a robust selection of services, including a network of public schools that cater to students from kindergarten through high school. The town also features a public library, a variety of healthcare facilities offering a range of medical services, and a collection of shops and restaurants that showcase local flavors and crafts. Anacortes is proactive in adapting its services to meet the evolving needs of its diverse population, ensuring that residents have access to the resources they require.
Anacortes is celebrated for its serene maritime character and strong community spirit. The town prides itself on its rich history, scenic waterfront, and vibrant arts scene. Annual events such as the Anacortes Arts Festival and the Waterfront Festival highlight the town's cultural vitality and draw visitors from across the region. The community's commitment to preserving its natural beauty and fostering a welcoming atmosphere is evident in its well-maintained public spaces and active civic organizations.
Anacortes offers a diverse array of housing options, with a mix of single-family homes, condominiums, and townhouses that cater to a range of preferences and lifestyles. The architectural styles in Anacortes are varied, with a blend of classic Pacific Northwest designs, contemporary homes, and charming bungalows. The housing market is dynamic, with a healthy balance of ownership and rental opportunities, reflecting the community's inclusive approach to accommodating both long-term residents and newcomers.
About 1120 Commercial Ave
The listing price of 1120 Commercial Ave property is $1,200,000.
The property 1120 Commercial Ave is land located in Anacortes, Washington, 98221.
Active Listing: 1120 Commercial Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1120 Commercial Ave are: Island View Elementary School (GreatSchools Rating 6/10), Mount Erie Elementary School (GreatSchools Rating 7/10), Fidalgo Elementary School (GreatSchools Rating 7/10), Anacortes Middle School (GreatSchools Rating 6/10), Edison Elementary School (GreatSchools Rating 6/10), Bay View Elementary School (GreatSchools Rating 4/10), Cap Sante High School (GreatSchools Rating 4/10), Anacortes High School (GreatSchools Rating 10/10), La Conner High School (GreatSchools Rating 3/10).
The property 1120 Commercial Ave is 0.298 acres.
The sq. ft. of 1120 Commercial Ave is not available (source: MLS/tax record).
This home is located at 1120 Commercial Ave in Anacortes, WA and zip code 98221. Features: 0 bathroom. It has been listed on Rocket Homes since April 22, 2025 and is currently priced at $1,200,000.
While more than 9 listings in Anacortes, WA in April 2025 were sold above asking price, there were more than 10 listings sold at asking price, and more than 14 were sold below. Between March and April 2025, Anacortes, WA real estate market has seen increase in the number of listings by 37.9%. While the average time on the market in April 2025 was 66 days, the median list price was $716,250.