EXCELLENT REDEVELOPMENT OPPORTUNITY IN QUALIFIED OPPORTUNITY ZONE Featured
201 SE Pioneer Way, Oak Harbor, WA 98277, USAFor Sale
Sale Price: $3,978,000
CBA #: 38624937
Excellent redevelopment opportunity in Qualified Opportunity Zone positioned along high traffic four lane arterial adjacent to Windjammer Park with unimpeded views of nearby waterfront and short walk to City Beach – one block from Oak Harbor CBD. C-3 (“Community Commercial”) zoning allows great flexibility and high-density development/ mixed-use multi-family/commercial/retail. 3.66 acre site with two existing buildings and balance as fully paved parking. All utilities to site.
Zoning
The property lies within the Community Commercial (C-3) Zoning District, which is governed by Section 19.20.335 of the Oak Harbor Municipal Code (https://www.codepublishing.com/WA/OakHarbor/html/OakHarbor19/OakHarbor1920.html). Permissible uses under this classification are very expansive. This would allow the redevelopment of this site in a variety of unique and exciting ways that could position it as a focal point of the city. Permitted are the commercial and retail uses identified in the C-3 list of permitted uses, but this classification also incorporates as permitted uses all of those in the C-1 and CBD districts, including high density multi-family dwelling units.
Opportunity Zone
The property lies within a qualified opportunity zone and therefore offers all potential advantages associated with such a location – https://www.commerce.wa.gov/growing-the-economy/opportunity-zones/.
Gallery
Similar listings
9720-9748 Padilla Heights Road
9720, Padilla Heights Rd, Anacortes, WA 98221- Available SQ. FT.
- Building SQ. FT. 5104
- Cap Rate:
- LOT SQ. FT. 435600
- Year Built: 1930
- CBA #: 687811
000 NE Midway Blvd
0, Midway Blvd, Oak Harbor, WA 98277- Available SQ. FT. 25265
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 25265
- Year Built:
- CBA #: 671803
201 SE Pioneer Way
201, Pioneer Way, Oak Harbor, WA 98277- Available SQ. FT.
- Building SQ. FT. 14940
- Cap Rate:
- LOT SQ. FT. 159430
- Year Built: 1965
- CBA #: 670053