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Thomas J. Foley Law Firm 1111 Broadway St 9,520 SF 100% Leased Office Building Vancouver, WA 98660 $2,550,000 ($267.86/SF)



INVESTMENT HIGHLIGHTS
- First Floor: 3,129 SF (office build out)
- Basement: 3,200 SF (shell condition)
- signage opportunity, in central downtown Vancouver, close to transit and services.
- Second Floor: 3,200 SF (unfinished)
- Separate dedicated 2nd floor entrance on Broadway St.
- On-site parking at market rate.
EXECUTIVE SUMMARY
OWNER FINANCING AVAILABLE. Sitting on 6,096 SF of land, the building at 1111 Broadway is a two story office building including Opportunity Zone. First floor built out with open reception area, private offices, kitchenette, and conference room; second floor has been demo’d. Full basement has lots of natural light. Parking on site for up to 8 vehicles. Downtown Vancouver office properties have a 95% occupancy rate. This highly desirable community is the fastest growing city in the state and contributes $12.6 billion of consumer spending within a 10 mile radius. The redevelopment of the Vancouver Waterfront has brought online millions of sf of premier dining, office and residential options. Favorable tax incentives exist as Washington State does not have a corporate or personal income tax, not does it tax dividends, interest or capital gains. Being location within the Opportunity Zone can provide platform/resources for business expansion, small business development and entrepreneurial endeavors. Favorable highway access to I-5/ Hwy 14 provides a 15 minute drive to Portland International Airport, and an 8.3 mile drive to the Pearl District.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
9,520 SF
Building Class
C
Year Built
1950
Price
$2,550,000
Price Per SF
$267.86
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,173 SF
Building FAR
1.09
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
CC - CBD Opportunity Zone building
Parking
2 Spaces (0.21 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
1 1
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 039385-000 | Improvements Assessment | $715,200 |
| Land Assessment | $0 | Total Assessment | $715,200 |
PROPERTY TAXES
Parcel Number
039385-000
Land Assessment
$0
Improvements Assessment
$715,200
Total Assessment
$715,200
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Thomas J. Foley Law Firm | 1111 Broadway St
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