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1008-1048 14th Ave 19,000 SF 94% Leased Retail Building Longview, WA 98632 $2,400,000 ($126.32/SF) 9% Cap Rate
Executive Summary
100% occupied. Long-established retail buildings located at 14th Ave Plaza are now available for sale! This property makes up two-thirds of the plaza and offers approx. 19,000 SF spread over two parcels with 14 tenant suites. It provides excellent visibility with strong signage opportunities, a large parking lot, and a shared parking easement. Currently offered at a 8.5% CAP rate, the property benefits from historically low vacancy and the potential for rental increases at lease renewals, presenting a compelling upside with a 9.5% proforma CAP rate. With the added potential to acquire the entire plaza, this property is a strong investment opportunity with large upside potential, making this center a valuable addition to any portfolio. Call today to get more information on this property.
Data Room Click Here to Access
- Leases
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
19,000 SF
Building Class
C
Year Built
1979
Price
$2,400,000
Price Per SF
$126.32
Cap Rate
9%
NOI
$216,000
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.44
Lot Size
1.00 AC
Zoning
C02 - Office and Commercial Zone
Parking
119 Spaces (3.97 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- A & J Driving School
- Professional, Scientific, and Technical Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Bishop Paper Shop
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Bombshell Beauty Co
- Arts, Entertainment, and Recreation
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Capital Stoneworks
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Crossroads Barber Shop
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Hanks Art & Tattoo
- Arts, Entertainment, and Recreation
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Happy Nails
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Huifen Massage
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Kids Resale
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Traci's Pet Shop
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| A & J Driving School | Professional, Scientific, and Technical Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Bishop Paper Shop | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Bombshell Beauty Co | Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Capital Stoneworks | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Crossroads Barber Shop | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Hanks Art & Tattoo | Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Happy Nails | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Huifen Massage | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Kids Resale | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Traci's Pet Shop | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (86)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,600,780 (2024) | |
| Land Assessment | $273,600 (2024) | Total Assessment | $1,874,380 (2024) |
Property Taxes
Parcel Numbers
Land Assessment
$273,600 (2024)
Improvements Assessment
$1,600,780 (2024)
Total Assessment
$1,874,380 (2024)
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1008-1048 14th Ave
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