MLS#: 2144497 Type: Commercial Price: $4,000,000
Investment opportunity! Island treasure Pelindaba’s expanding success encourages the owner to sell the underlying assets of the land and improvements subject to a long-term renewable lease to expand operations and pay down debt. Land value: 19+ acres as 3 parcels (4th parcel possible) with beautiful territorial views and developed fields of lavender = $1,000,000. Improvements with estimated values: 15,000 sf manufacturing/office building x $300/sf = $4.5M, 1500 sf store facility x $250/sf = $375K, and 430 sf 1 bed/1 bath cottage x $350/sf = $150K. For an approximate total of $6,025,000. Offering price is $4M with 6% return subject to a 10-year renewable NNN lease adjusted every 5 years based on CPI.
MLS#: 2061224 Type: Business Opportunity Price: $45,000
Ship to Shore is a wonderful new boutique located in Friday Harbor on San Juan Island, offering women’s clothing and accessories, bath care, and home goods. Inventory, store fixtures, retail POS system, and an active website are included. Beautifully remodeled space with a great location on the main street. This could be the perfect opportunity for growth by adding an on-line presence. description text here.