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FOR SUPPLEMENTAL INFORMATION CALL 1-800-845-3524
103
thru
105
This portfolio of three bank-owned development properties are located along State Route 532 on Camano Island,
known as a resort and vacation destination due to its proximity to Seattle, and location by Saratoga Passage, Skagit
Bay, and Port Susan.
It has grown for year round residents who can easily commute to employment centers along the I-5 corridor north to
Mt. Vernon and south to Everett. Stanwood, Washington is nearby, and I-5 is a fifteen minute drive east.
Highway 532 is the main east/west route from I-5, and the average daily traffic volumes range from 17,000 to 18,000
vehicles, according to WSDOT 2014 Annual Traffic Report.
The Portfolio includes two sites, #103 and #104, that total 8.36 acres, at the corner of State Route 532 and N. Good Road,
which have three buildings with one that is leased and generates $3,100 per month. These two auction properties
were originally planned as Anchor Bay, a mixed-use development of retail and additional commercial uses. Cascade
Lumber is located across N. Good Road and a mini-storage facility is to the north.
Bayview Park, Auction Property #105, is a bulk sale of four commercial lots that range from 1.19± to 1.56± acres, and
are located at the corner of State Route 532 and Vineyard Lane. The lots are improved, and ready for development.
The entire auction portfolio is zoned Camano Gateway Village, a new commercial designation by Island County.
The intent is to encourage mixed-use development limited in scale, intensity, and size. Maximum building size is
4,000 square feet, with up to 10,000 square feet with a conditional use permit. Residential uses are allowed with a
commercial use, along with offices and lodging limited to less than forty rooms. Please see Supplemental Information
Package for detail.
The Seller has reduced pricing for the Portfolio as part of the auction, with the added incentive of providing attractive
financing to qualified parties.
#103
#104
#105
Published Reserve
$620,000*
$275,000*
$985,000
Last Asking
$1,115,000 (bulk)
$1,300,000
*Sales of Auction Properties #103 and #104 are subject to total bids in the aggregate to equal, or exceed, $895,000
Size
5.21 Acres
3.15 Acres
5.26 Acres
Zoning: CGV – Camano Gateway Village
Property Inspection: At Any Time. Please do not disturb tenant on Auction Property #103.
Anchor Bay and Bayview Park Development Portfolio at Gateway to
Camano Island, Island County, Washington
Stanwood
I-5
SR 532
North Good Road
Vineyard Lane
N
#103
#104
#105