Property Listing: Status: Active (Listed on: 06/26/2023)
2.25 Acres of Vacant Land in Downtown Oak Harbor
Listing ID:
20211
Price:
$50,000
2.25 Acres +/-
Owner Financing Available
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General Location:
Northeast 7th Avenue
Address:
Northeast 7th Avenue
City, State Zip:
Oak Harbor, WA 98277
County:
Island County
MLS #:
Listing ID:
20211
Description:
2.25 Acre mixed use vacant land on Ne 7th Ave downtown Oak Harbor up for sale. This land is surrounded by apartments and condos. This is located a couple of blocks from NE 7th and WA 20 intersection where there is an OfficeMax, Starbucks, Mcdonald's and many other stores.
Right now, it is a vacant land. The City has designated this land as Open Space and hence the only allowed developments are outdoor recreational lands such as golf courses, shooting ranges etc. Therefore, this is a long-term investment. This land is PRIME land right in downtown Oak Harbor. As the city grows in population and demographics, demand for housing, commercial, mixed-use developments will also grow and the first place zoning changes is in downtown areas. This land was appraised by the county in 2016 for $100,000. But since it’s a long term investment with pretty much just holding for the long run, we worked with the county to get the appraisal reduced to decrease the property tax and hence the holding cost. Because of our efforts, the yearly tax is just $50. So your holding cost for the next 10 years: $500 TOTAL.
APN/Parcel No: R13335-275-1600
Closest Address: 300 Northeast 7th Avenue, Oak Harbor, WA (the adjacent land to the east of this apartment complex)
County website link:
Web Link
Sale by owner
Right now, it is a vacant land. The City has designated this land as Open Space and hence the only allowed developments are outdoor recreational lands such as golf courses, shooting ranges etc. Therefore, this is a long-term investment. This land is PRIME land right in downtown Oak Harbor. As the city grows in population and demographics, demand for housing, commercial, mixed-use developments will also grow and the first place zoning changes is in downtown areas. This land was appraised by the county in 2016 for $100,000. But since it’s a long term investment with pretty much just holding for the long run, we worked with the county to get the appraisal reduced to decrease the property tax and hence the holding cost. Because of our efforts, the yearly tax is just $50. So your holding cost for the next 10 years: $500 TOTAL.
APN/Parcel No: R13335-275-1600
Closest Address: 300 Northeast 7th Avenue, Oak Harbor, WA (the adjacent land to the east of this apartment complex)
County website link:
Web Link
Sale by owner
Map:
48.3039, -122.652(Click the marker to open in Google Maps.)
