- Listing #:
- 2166478
- Price:
- $1,299,500
- Status:
- Active
- Property Type:
- Commercial
- Type:
- Comm Bldg Ovr 10K
- # of Acres:
- 0.47
- Year Built:
- 1966
- Comm/Assn:
- Brewster
- City:
- Brewster
- County:
- Okanogan
- State:
- WA
- Zip:
- 98812
- Right of 1st Refusal:
- No
QR Code
Description
Investment opportunity to buy the Brewster Medical Offices building in downtown Brewster, WA. Main floor is 9,045 SF with exam rooms, offices, and waiting areas, plus 4,503 SF basement with common area, kitchen, offices, and storage. Built in 1966 on a 0.47 acre lot with room to expand. Fully leased to reconfigure as a mixed-use office building after primary tenant relocates. Present lease model generates cap rate of 5% but lags current market rates. Located on W Indian Avenue with excellent visibility, corner-lot accessibility, and ample private and on-street parking. Walking distance to restaurants, shops, schools, and just 5 minutes to Three Rivers Hospital. Rare opportunity suitable for owner-occupied or investor.
Property Features
- Building Features:
- - Disabled Access
- Cap Rate:
- - 5
- Cooling Y/N:
- - Yes
- Electric Expense:
- - 15751
- Exterior Features:
- - Brick
- :
- - Level
- Foundation Details:
- - Poured Concrete
- Gross Scheduled Income:
- - $142,728.00
- Heating Y/N:
- - Yes
- Insurance Expense:
- - $12,540.00
- Interior Features:
- - Ceramic Tile
- - Laminate
- - Wall to Wall Carpet
- Lot Size Dimensions:
- - 150 x 137
- Net Operating Income:
- - $64,763.00
- Approx. Office Sq.Ft.:
- - 13,548.00
- Boundary Survey:
- - false
- Depth Of Lot:
- - 137
- Environmental Survey:
- - false
- Free And Clear:
- - true
- Gross Adjusted Income:
- - 142728
- Gross Rent Multiplier:
- - 9.1
- Improvements Assessed Value:
- - 707100
- Land Assessed Value:
- - 45300
- Parking Uncovered Total:
- - 24
- Power Company:
- - Okanogan County PUD
- Sewer Company:
- - City of Brewster
- Site Frontage:
- - 150
- Style Code:
- - 61 - Comm Bldg Ovr 10K
- Total Assessed Value:
- - 752400
- Total Expenses:
- - 77965
- Water Company:
- - City of Brewster
- Water Sewer Garbage:
- - 7200
- Zoning Class:
- - Commercial
- Zoning Jurisdiction:
- - City
- Other Expense:
- - 36000
- Parcel Number:
- - 0040261300
- Possible Use:
- - Commercial
- Property Condition:
- - Good
- Structure Type:
- - Unspecified
- Annual Tax Amount:
- - $6,474.00
- Tax Year:
- - 2023
- Total Actual Rent:
- - 11894
- Water Source:
- - Public
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