$1,300,000
Est. $7,144/mo25 W Nichols Street, Friday Harbor, WA 98250
• Listed Sep 25, 2026•31 days active · 31 cumulative
Listing Broker: Coldwell Banker Bain; Stephanie L Buffum; 360-472-0404; sbuffum4@gmail.com
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Listing Broker: Coldwell Banker Bain; Stephanie L Buffum; 360-472-0404; sbuffum4@gmail.com
About this home
An unparalleled two-parcel commercial portfolio is now available in Friday Harbor's downtown core on San Juan Island. Located at a premium address within walking distance of the ferry and marina, this rare corner lot ensemble includes 3 stable tenants and redevelopment or expansion potential. Located in the historical and commercial heart of the Town, this property is surrounded by vibrant shops, galleries, restaurants, farmers' market, and movie theatre. This portfolio offers immediate, reliable commercial income, as well as a seamless path toward future luxury hospitality development. Friday Harbor serves as the primary gateway to the San Juan Islands, welcoming hundreds of thousands of travelers each year. TPN 351358032000, 65 Nichols business is .09 acres with a 1008 sf building; TPN 351358033000, 25 Nichols, is 0.08 ac, with one 816 sf. building and 400 sf building. All three businesses operate under a commercial lease structure, ensuring peace of mind and strong yield performance from day one. Whether your strategy is to maintain the existing buildings and enjoy triple-net-style returns from these businesses, or to develop a luxury hotel and retail sales, this portfolio allows you to secure your footprint in the Islands. Financials, lease agreements, and Town plans available. Will consider selling each parcel separately with assignment of lease for each business. Don’t miss this unique opportunity.
Listed by Stephanie L Buffum • Coldwell Banker Bain
Listing updated: October 17, 2026 at 07:12pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2585118
Around this home
How much should you offer?
25 W Nichols Street, Friday Harbor, WA 98250
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Schools
Ratings via SchoolDigger- Friday Harbor Elementary SchoolPublic · Grades K-5 · 0.4 mi · State rank 401 of 1,1386/10
- Friday Harbor Middle SchoolPublic · Grades 6-8 · 0.3 mi · State rank 135 of 5148/10
- Griffin Bay School Open DoorsPublic · Grades 10-12 · 0.3 mi—
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Business opportunity facts
As entered by the listing broker on Northwest MLS
Business
- Business type
- Food And Beverage
- Business type information
- Food and Beverage
- Franchise
- false
- Special licenses
- Alcohol
Financials
- Real property included
- Optional,Purchase
Premises & lease
- Lease terms
- 1-2 Years
- Annual rent
- $74,000
- Lease assignable
- No
- Parking spaces
- 6
- Financing
- Cash, Conventional, SBA
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
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Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
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Mortgage payment forecast
$8,444 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Listing Broker: Coldwell Banker Bain; Stephanie L Buffum; 360-472-0404; sbuffum4@gmail.com
Market pulse
Friday Harbor is a buyer's market.
Inventory is rising and homes are sitting longer. Buyers have room to negotiate.
Offer insight: Sellers are often willing to negotiate on price and terms.
List to sale price: The average home sells for about 2% below list price.
Time on market: The average home goes pending in around 117 days.
Recent sales nearby
Within 1 mile · last 6 months$999,000 Sold
6 days ago
•Single Family
460 Argyle Avenue, Friday Harbor, WA 98250
0%
Over list
129
Days on market
0.1 mi
Distance
$450,000 Sold
3 weeks ago
2 bd•1 ba•~1,145 sq ft•Single Family
507 Tucker Avenue, Friday Harbor, WA 98250
6%
Under list
73
Days on market
0.6 mi
Distance
$560,000 Sold
5 weeks ago
2 bd•1 ba•~1,462 sq ft•Single Family
650 Argyle Avenue, Friday Harbor, WA 98250
0%
Over list
59
Days on market
0.2 mi
Distance
$640,000 Sold
6 weeks ago
2 bd•2.5 ba•~2,309 sq ft•Single Family
847 Argyle Avenue, Friday Harbor, WA 98250
8%
Under list
202
Days on market
0.5 mi
Distance
$495,000 Sold
6 weeks ago
1 bd•1 ba•~900 sq ft•Single Family
745 Larson Street #B, Friday Harbor, WA 98250
2%
Under list
71
Days on market
0.6 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 26, 2026 at 6:03 PM PT (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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