Sold157d on market
1120 Commercial Ave
Anacortes, WA, 98221 • 98221 • Skagit County
$800,000
0.3 acLot
Property DNA
Territorial Views
Territorial
Anacortes
98221
Market activity
Demand and pricing signals for this listing
4 views
People checking out this listing
157 days on market
Established listing
About this home
Lot
Prime Corner Lot – High Visibility Location Rare opportunity to own a premier corner lot at the busiest intersection in Anacortes, directly across from Safeway, the busiest shopping center in town. High traffic counts and exposure from 4 corners. Land only sale with income-producing ground lease in place through 2039. Zoned Commercial with flexible use options—retail, office, housing, and more. Excellent access from both Commercial Ave and 12th St. Strong current cash flow with future redevelopment potential. Current ground lease has end term in 2029 with 2-5year options to renew through 2034 and 2039. Yearly adustments of 6%. Lease is nnn.
Standout features identified
Our analysis highlights excellent access and corner lot as key attractions of this home.
Estimated monthly payment
Based on current rates
$4,961/month
Principal & Interest$3,894
Property Tax$800
Insurance$267
Down payment20% ($160,000)
3%50%
Est. 6.14% rate · 30yr fixed · $640,000 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land
Systems
Water / SewerAvailable, Jurisdiction: City of Anacortes / Available
Parking & Outdoor
Lot0.30 Acres
Location & Tax
Neighborhood98221
Annual tax$8,719
ParcelP55110
Features & details
4 categories of property features
Exterior Features
Lot Features
Corner Lot
Views
Territorial
Utilities
Electricity Connected
Natural Gas Available
Gas
In Street
Listing insights
Market data and value estimates
StatusSold
Days on market157
Tax rate0.76%
On marketJul 3, 2025
PostedApr 22, 2025
Last sold$800,000
MLS statusSold
MLS updatedDec 1, 2025
Tour days6
Views4
How are the schools in Anacortes?
3 schools rated nearby
Location
Anacortes, WA, 98221
Price history
4 events
DateEventPrice$/sqftSource
Oct 31, 2025Sold$800,000—NWMLS as distributed by MLS GRID
Sep 22, 2025Pending Sale$965,000—NWMLS as distributed by MLS GRID
Jul 29, 2025Price Change$965,000—NWMLS as distributed by MLS GRID
Apr 22, 2025Listed For Sale$1,200,000—NWMLS as distributed by MLS GRID
Sold$800,000
Oct 31, 2025•NWMLS as distributed by MLS GRID
Pending Sale$965,000
Sep 22, 2025•NWMLS as distributed by MLS GRID
Price Change$965,000
Jul 29, 2025•NWMLS as distributed by MLS GRID
Listed For Sale$1,200,000
Apr 22, 2025•NWMLS as distributed by MLS GRID
Nearby homes
Neighborhood details
Local context around this listing
Anacortes, WA • Skagit County
Nearby cities
AnacortesArlingtonBowBurlingtonConcreteHamiltonLa ConnerLyman
Nearby zip codes
9822198222
Similar homes
Based on information submitted to the MLS GRID as of 2026-04-07 13:48:49 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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