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253-691-8561
Terrafin Real Estate
10 Front Street NW, Coupeville, WA 98239
- $2,800,000
- 6,480
- SqFt
Listing Broker: COMPASS; Emily Shepodd; 206-617-4010; emily.shepodd@compass.com
- List Price
- $2,800,000
- Status
- ACTIVE
- MLS#
- 2548704
- Subtype
- Residential Income
- Style
- 55 - 5-9 Units
- Year Built
- 1864
- Living Area
- 6,480
- Lot Size
- 4,791
- Acres
- 0.11
- Subdivision
- Coupeville
- Neighborhood
- Coupeville
- MLS Area Major
- Central Whidbey Island
Property Description
Positioned along one of Whidbey Island’s most iconic waterfront corridors, this rare mixed-use investment opportunity offers over 60 feet of coveted commercial frontage in the heart of historic Coupeville. The meticulously restored seven-unit property includes four street-level commercial spaces and three licensed short-term rental units, creating diversified income potential in a highly sought-after destination market. Nearly every unit captures sweeping views of Penn Cove, with front-row access to the island’s marine wildlife, boating activity, and vibrant waterfront atmosphere.Extensive capital improvements have already been completed, including new pilings, siding, and major system upgrades, allowing investors to step into a stabilized asset with strong operational history and immediate cash flow. Offered with two parcels, the property also presents future upside through expansion, redevelopment potential, or continued optimization of rental income. Located minutes from Fort Ebey, the Coupeville–Port Townsend ferry, and convenient routes to Seattle, Bellevue, and Everett, this is a rare opportunity to acquire a legacy waterfront asset in one of the Pacific Northwest’s most desirable tourism-driven markets.
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Additional Information
- Amenities
- Fire Sprinklers, Storage
- Exterior Features
- Wood, Wood Products
- Property Description
- 55 - 5-9 Units
- Flooring
- Ceramic Tile, Laminate
- Heating
- Ductless, Wall Furnace
- Air Conditioning
- Ductless
- Roof
- Composition
- School District
- Coupeville
- Elementary School
- Coupeville Elem
- Middle School
- Coupeville Mid
- High School
- Coupeville High
- View
- City, Islands, Mountains, Sound, Territorial
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.