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1221-1227 17th Ave 4,266 SF 100% Leased Office Building Longview, WA 98632 $599,900 ($140.62/SF) 6.72% Cap Rate
Executive Summary
Investment Opportunity! Fully leased Retail Building. Five separate spaces. Long term tenants include a Salon, Massage Therapist, Daycare (2 Spaces) and Barber. Opportunity to increase income upon lease renewals. All suites have had recent updates. One level building. ADA Compliant. Building sf 4,266 with 5401sf lot. Street parking plus current owner leases part of adjacent parking lot. Great downtown location. Don't let this opportunity pass you by. Contact Listing Brokers for more information.
Financial Summary (Actual - 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
|
| 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 - 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 |
| 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
Property Type
Office
Property Subtype
Building Size
4,266 SF
Building Class
C
Year Built
1958
Price
$599,900
Price Per SF
$140.62
Cap Rate
6.72%
NOI
$40,325
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,266 SF
Building FAR
0.79
Lot Size
0.12 AC
Zoning
C02 - Commercial Zoning
Amenities
- 24 Hour Access
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 0-0661 | Total Assessment | $328,530 (2024) |
| Land Assessment | $43,200 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $285,330 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
0-0661
Land Assessment
$43,200 (2024)
Improvements Assessment
$285,330 (2024)
Total Assessment
$328,530 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Presented by
John L. Scott
1221-1227 17th Ave
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