Sale Price: $3,978,000 

CBA #: 38624937

• Detailed Offering Brochure

Excellent redevelopment opportunity in Qualified Opportunity Zone positioned along high traffic four lane arterial adjacent to Windjammer Park with unimpeded views of nearby waterfront and short walk to City Beach – one block from Oak Harbor CBD. C-3 (“Community Commercial”) zoning allows great flexibility and high-density development/ mixed-use multi-family/commercial/retail. 3.66 acre site with two existing buildings and   balance as fully paved parking. All utilities to site.

Zoning

The property lies within the Community Commercial (C-3) Zoning District, which is governed by Section 19.20.335 of the Oak Harbor Municipal Code (https://www.codepublishing.com/WA/OakHarbor/html/OakHarbor19/OakHarbor1920.html). Permissible uses under this classification are very expansive. This would allow the redevelopment of this site in a variety of unique and exciting ways that could position it as a focal point of the city. Permitted are the commercial and retail uses identified in the C-3 list of permitted uses, but this classification also incorporates as permitted uses all of those in the C-1 and CBD districts, including high density multi-family dwelling units.

Opportunity Zone

The property lies within a qualified opportunity zone and therefore offers all potential advantages associated with such a location – https://www.commerce.wa.gov/growing-the-economy/opportunity-zones/.