199 Main Street
Potential High Revenue Property on Orcas Island, Washington
Marketing description
Surrounded by hotels, restaurants, and retail shops this property is in a prime location in the heart of Eastsound Village on beautiful Orcas Island. The 3300+ sq building is a retail space on the ground floor and an apartment upstairs. Zoning could allow for up to 40 units/acre, vacation rentals, hotel, restaurant, bar, retail sales, etc. Sizable 1.3 acre site with 2-story building, detached garage, parking lot, and established tenants to cover costs while you plan to develop or keep existing store front and turn apartment and/or garage into a profitable vacation rental right on Main Street. Property is also adjacent to public park where the farmer's market, concerts, and other community events are hosted.
Orcas Island is the largest of the San Juan Islands at 57-square miles offering kayaking, hiking, biking, and other outdoorsy pursuits. Its farms set the stage for fresh seasonal dining, as well as island-produced cheese, preserves, wine, cider, and spirits. Plus charming galleries and artisan studios can be found throughout the island. -Courtesy of Travel + Leisure Magazine
According to Tourism Economics, visitors 'imported' $289.7 million dollars on lodging, dining, recreation, retail, and transportation to the islands. In 2023 Orcas Island had 620,000 ferry riders and collected $603,000 in lodging tax. -Courtesy of visitsanjuans.com
Investment highlights
Buy as a holding property to develop in the future or get started right away with your own unique project.
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