1131 SE Ely Street · Oak Harbor, WA 98277
Source: NWMLS · Better Homes&Gardens McKenzie · Jim Woessner #NWM2549384
About this home
Prime mixed-use investment opportunity in Oak Harbor’s commercial business district. Property includes 2 commercial spaces on the ground floor with strong visibility & tenant appeal. Upper level features a partially completed condo conversion, offering value-add potential for multiple residential units up to 4 stories, live/work space, or expanded commercial use. Flexible zoning supports multiple income strategies. Upgraded fire system & large on-site parking lot with & existing drainage system already in place—reducing development costs & timelines. Conveniently located near shops, public transportation & parks, enhancing long-term desirability for tenants & owners alike. Ideal for investors seeking current income with future upside.
Location
Basics
- Property type
- Commercial Industrial
- Style
- Comm Bldg Und 10K
- Condition
- Fair
- Year built
- 1977 (renovated 1990)
- Lot size
- 17,424 sq ft (0.4 acres)
- County
- Island
- MLS #
- NWM2549384
Interior
- Heating
- Forced Air
- Cooling
- None
- Flooring
- Carpet
Utilities
- Water
- Public
- Power
- Electric
Community & fees
- Subdivision
- City Of Oak Harbor
Transaction
- Listed on
- Jul 30, 2026
- Days on market
- 51
- Listing terms
- Cash, Conventional
- Possession
- Closing
More homes nearby
Schools
- High
- Oak Harbor High SchoolSchoolDigger 3 stars · Top 40% in WA
Listing provided courtesy of: Better Homes&Gardens McKenzie
Listing agent: Jim Woessner.
Based on information submitted to the MLS GRID as of —. 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-09-12.