Acanthus Suites, Friday Harbor, San Juan Islands
Friday Harbor, WA
Offered for sale at $1,200,000
ACANTHUS SUITES sits on 1/2 acre in downtown Friday Harbor within an easy walk to downtown and all the benefits Friday Harbor offers. Plenty of room to expand.,
Historic, charming & beautifully restored, the 2-story historic home offer endless possibilities! Situated on a commercially-zoned parcel in the heart of Friday Harbor, the property is currently operating as Acanthus Suites vacation rentals Totals 5 units with 7 bedrooms and 5 baths & kitchenettes, the construction includes dense sound suppression layers between floors & walls. One unit has a private entrance perfect for manager or owner occupancy. Adjoining 2 homes could be available. Which would create a 12 unit property on 1 full acre.
Zoning allows for great flexibility: Create Your Private Island Getaway, with rental income; mixed-use leased office space & residential; and more. There is plenty of room on the lot for additional structure(s) to maximize the parcel usage.
Price is based at $240K per unit. ROI 8%+
Guests will find that one block from Acanthus Suites will bring you into the heart of downtown Friday Harbor, offering many delicious restaurants, coffee shops, boutiques, ice-cream shops and art galleries, all within walking distance. On Saturday mornings the local San Juan Island Farmer's Market is a 5 minute walk from the Acanthus Suites!
The internet / Wi-fi at this house should be sufficient for streaming video, phone calls, remote work and video conferencing and has great cell phone reception.
Property has lots of private off street parking for guests
- 7 Guest Rooms
- 5 Guest Room Baths
- Has Owner's Quarters
- Built in 1913
- Last Renovated in 2015
- Opened in 2015
- Building is 2,880 SQFT
- Lot is 0.5 Acres
- Photo Gallery
- Property Website
- Offered for sale at $1,200,000
- Occupancy Rate: 50%+
- Average Daily Rate: upon request
- Annual revenue is $102,000
- Terms: price is based at $240K per unit. ROI 8%+
using only 50% occupancy to do income calculations. Very conservative.