Compare Listings

1232 Commerce Avenue

1232, Commerce Ave, Longview, WA 98632
$1,100,000

Description

1232 Commerce Avenue (Status: Pending)

1232, Commerce Ave, Longview, WA  98632

Great investment property in this mixed-use building in the downtown core of Longview Washington. The Rainier building features approx. 14,920 +/- SF over two floors, has five commercial tenants on the ground floor, eight one bedrooms/one bath units on the second floor and sits on 10,800 +/- SF of land. This building is fully occupied currently and has great upside in the future rent potential. This property is offered at a 7.5% CAP Rat on actuals and has a Pro Forma Cap Rate of 9.2%. This would make an excellent addition to your portfolio, whether you are new to the commercial market or a seasoned investor. Call today for more information.

Listing Details

Asset Class: Retail
Year Built: 1924
Building Total Square Feet: 9260
Available Lease Space Square Feet: 14920
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information: C02

CBA

Listing Courtesy of: Woodford Commercial Real Estate

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.

  • Address: 1232, Commerce Ave, Longview, WA 98632
  • City: Longview
  • State/county: WA
  • Zip/Postal Code: 98632
  • Neighborhood: Cowlitz County
  • Country: United States

Detail

Updated on September 23, 2022 at 12:16 am

  • Property ID: 656671
  • Price: $1,100,000.00/For Sale
  • Property Size: 9260 Sq Ft
  • Property Type: Retail
  • Property Status: Pending

Contact info

Windermere Commercial
Windermere Commercial
360-676-5900

Enquire about this property