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105 1st St 9,282 SF 100% Leased Retail Building Langley, WA 98260 $3,393,998 CAD ($365.65 CAD/SF) 6.95% Cap Rate
Executive Summary
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!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,282 SF
Building Class
C
Year Built
1982
Price
$3,393,998 CAD
Price Per SF
$365.65 CAD
Cap Rate
6.95%
NOI
$235,938 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.67
Lot Size
0.32 AC
Zoning
LG - Central Business District
Parking
12 Spaces (1.29 Spaces per 1,000 SF Leased)
Frontage
117’ on 1st Street
Property Taxes
| Parcel Number | R33034-139-3350 | Improvements Assessment | $1,922,852 CAD |
| Land Assessment | $796,394 CAD | Total Assessment | $2,719,246 CAD |
Property Taxes
Parcel Number
R33034-139-3350
Land Assessment
$796,394 CAD
Improvements Assessment
$1,922,852 CAD
Total Assessment
$2,719,246 CAD
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105 1st St
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