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The Doupe Building 104 Spruce St E 18,000 SF 30% Leased Retail Building Ilwaco, WA 98624 $1,500,000 ($83.33/SF)
INVESTMENT HIGHLIGHTS
- Centrally located in Ilwaco near Pacific Ocean and Astoria
- Phase 1 complete with leased commercial and residential units
- Potential to add 7–10 residential units and expand commercial space
- Historic structure with modern infrastructure upgrades
- Zoning allows mixed-use and short-term rentals
- Large parking lot ideal for tenants and future development
EXECUTIVE SUMMARY
The iconic Doupe Building is a ~ 18,000 sq. ft. property comprised of two connected buildings and a private parking lot, in the midst of transformation and ready for your vision. One luxury apartment and one commercial space are completed and operating with instant cash flow. Zoned for mixed-use, commercial plus short- or long-term rentals. ~ 10,000 sq. ft of commercial space, with potential for seven more apartments upstairs, and the possibility of multiple commercial spaces and apartments on the main floor. The roof, skylights, fire suppression system, and water mains are all new. Motivated seller willing to review all offers, including creative financing and partnership. List of upgrades available.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Building Size
18,000 SF
Building Class
C
Year Built
1880
Price
$1,500,000
Price Per SF
$83.33
Percent Leased
30%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.53
Lot Size
0.27 AC
Zoning
C1 - Commercial zoning allows for a wide range of uses from Retail, Commercial, Multi-Family
AMENITIES
- Corner Lot
- Mezzanine
- Skylights
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 10113342014 | Total Assessment | $253,100 (2025) |
| Land Assessment | $97,100 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $156,000 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
10113342014
Land Assessment
$97,100 (2025)
Improvements Assessment
$156,000 (2025)
Total Assessment
$253,100 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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The Doupe Building | 104 Spruce St E
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