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101 S Main St 1,698 SF 100% Leased Office Building Coupeville, WA 98239 $731,660 CAD ($430.90 CAD/SF) 6.18% Cap Rate



Investment Highlights
- Main st visibility
- Easy access to State Route 20
Executive Summary
Position your business for success in this Prime location on Main St in Coupeville with this exceptional 1,698-square-foot commercial building offering outstanding visibility, easy access, & ample on-site parking. Currently leased until April 2027 & configured as a professional physical therapy office, the thoughtfully designed floor plan provides flexibility for a wide range of professional, medical, wellness, retail, or office users. The bright reception & waiting area creates an inviting first impression, while expansive front windows fill the interior with natural light & provide excellent street presence. The building features multiple private treatment/exam rooms, spacious open therapy or collaborative workspace, private offices, ADA-accessible restroom, staff break room with kitchenette & laundry area. High ceilings & a functional layout maximize efficiency while offering the opportunity to easily adapt the space to your business needs. Located in one of Whidbey Island's most desirable commercial corridors, this property benefits from steady local traffic, strong community presence, & convenient proximity to downtown Coupeville, SR-20, & nearby medical & professional services. Whether you're expanding an existing practice, launching a new business, or seeking an investment property, this well-maintained commercial building offers a rare opportunity in a highly sought-after location with exceptional versatility & long-term potential. --Please do not disturb the tenants!
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
1,698 SF
Building Class
C
Year Built
1996
Price
$731,660 CAD
Price Per SF
$430.90 CAD
Cap Rate
6.18%
NOI
$45,200 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
1,698 SF
Building FAR
0.14
Lot Size
0.29 AC
Zoning
Commercial
Parking
10 Spaces (5.89 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
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101 S Main St
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