Listing provided courtesy of Better Homes&Gardens McKenzieNWMLSas Distributed by MLSGrid- MLS# NWM2410811
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Request Info105 1st StreetLangley, WA 98260
Commercial · 0.32 Acres$2,495,000
Active
105 1st Street Overview
- Visits:
- 9
A rare opportunity to own a landmark building in the heart of downtown Langley! This recently updated commercial property is home to three strong tenants and offers nearly a 7% cap rate. Two tenants are secured with brand-new, long-term NNN leases, while the third is on a flexible month-to-month lease—ideal for investors or potential owner-operators. Major recent upgrades include fresh exterior paint, a new fire suppression system, sprinklers, and a modernized lobby with elevator access. The property also boasts 12 dedicated parking spaces, plus convenient street parking. A rock-solid investment in a premium location—don’t miss your chance to own this standout downtown asset!
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105 1st Street Facts & Features
- Type Commercial
- Lot 0.32 Acres
Details
General
Association/HOA
- Association Fee: $0.00
Income/Expenses
- Other Expense: 3600
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 213644
- Insurance Expense: 5490
- Net Operating Income: 173443
- Total Expenses: 30884
- Water/Sewer/Garbage: 6564
Building Information
- Year Built: 1982
Location/Region
- Country: US
- County Or Parish: Island
- MLS Area Major: 811 - South Whidbey Island
- Subdivision Name: Langley
Tax Information
- Tax Annual Amount: $15,230.00
- Tax Year: 2024
General Information
- Listing Terms: Cash Out, Conventional
- Parcel Number: R330341393350
- Possible Use: Business,Commercial,Office
- Property Condition: Updated/Remodeled
- Property Sub Type: Commercial Industrial
- Property Type: Commercial Sale
- Senior Community: No
- Special Listing Conditions: None
Interior
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Approximate Building Square Feet: 10323
- Building Area Total: 0
- Building Area Units: Square Feet
- Calculated Square Footage: 0
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: Yes
- Fireplace: No
- Fireplaces Total: 0
- Foundation Details: Poured Concrete
- Heating: Yes
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
Exterior
Parking Information
- Open Parking: No
- Parking Total: 0
Lot Information
- Irrigation Water Rights: No
- Lot Size Acres: 0.32
- Lot Size Square Feet: 13939
- Lot Size Units: Square Feet
- Site Frontage: 117
- Topography: Level
- Elevation Units: Feet
- Water Source: Public
Building Exterior/Construction
- Roof: Torch Down
- Structure Type: Office
General Information
- Carport: No
- Exterior Features: Wood
- Sewer: Sewer Connected
Unit Information
Unit 2 Details
- Actual Rent: 5400
Unit 3 Details
- Actual Rent: 7050
Unit 1 Details
- Unit Type: Art supplies
- Actual Rent: 3080
105 1st Street Neighborhood
Community
98260 (Clinton) Demographics
62
Median Age
183
Population Density (per sq. mile)
57%
College Educated
$86,027
Estimated Median Income
2,204
Estimated Total Home Owners
690
Estimated Total Renters
76% / 24%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.105 1st Street Monthly Cost
105 1st Street Market Data
Based on the last 30 days in this zip code
$1,064,563
Average List Price
$452
Average Price per Square Foot
9
Properties Sold
90
Average Days on Market
65
Properties for Sale
105 1st Street History
| Date | Value | Agent |
|---|---|---|
| 1/21/2026Source: NWMLS | $2,495,000 -4.0% |
|
| 7/22/2025Source: NWMLS | July 22, 2025 |
|
| 6/20/2022Source: NWMLS | June 01, 2021 |