- Listing #:
- 2199336
- Price:
- $2,450,000
- Status:
- Active
- Property Type:
- Commercial
- Type:
- Retail
- # of Acres:
- 0.49
- Year Built:
- 1935
- Comm/Assn:
- Longview
- City:
- Longview
- County:
- Cowlitz
- State:
- WA
- Zip:
- 98632
- Right of 1st Refusal:
- No
QR Code
Description
Ideal income office/retail building now available for sale! This two-story building features approx. 11,562 SF spread over 7 total spaces, has a large parking lot, rear parking easement, and has one of the best corner locations for excellent signage and visibility. A majority of the spaces have been tastefully updated over the past 5 years. This property is offered at a 6.5% CAP Rate with great potential upside. This building has had historically low vacancy and potential for rent increases upon lease renewals. This would make an excellent addition to your portfolio, so call today to get more information on this property.
Property Features
- Cap Rate:
- - 6.5
- Common Interest:
- - Commercial Industrial
- Cooling Y/N:
- - Yes
- Exterior Features:
- - Metal/Vinyl
- - Stucco
- - Wood
- :
- - Level
- Foundation Details:
- - Poured Concrete
- Gross Scheduled Income:
- - $166,953.00
- Heating Y/N:
- - Yes
- Interior Features:
- - Laminate
- - Wall to Wall Carpet
- Net Operating Income:
- - $158,605.00
- Approx. Building Sq.Ft.:
- - 11,562.00
- Boundary Survey:
- - true
- Environmental Survey:
- - true
- Gross Adjusted Income:
- - 158605
- Gross Rent Multiplier:
- - 14
- Pad Ready:
- - false
- Power Company:
- - Cowlitz PUD
- Sewer Company:
- - City of Longview
- Style Code:
- - 75 - Retail
- Total Sq. Ft. Rented:
- - 11562
- Vacancy Rate:
- - 5
- Water Company:
- - City of Longview
- Zoning Class:
- - Commercial
- Zoning Jurisdiction:
- - City
- Parcel Number:
- - 23850
- Possible Use:
- - Commercial
- Structure Type:
- - Retail
- Tax Year:
- - 2023
- Total Actual Rent:
- - 13913
- Water Source:
- - Public