1245 Commerce Ave
Longview, WA 98632
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The property has excellent rental history, and is currently 100% occupied. Red Hat took occupancy in 2007 and recently signed a 4-yr extension.
- Current ownership invested over $40,000 in CapEx over the past 2 years. Enhancements include apartment upgrades and exterior paint.
- The property is located in Longview, WA, the largest city along the I5 corridor, between Olympia and Vancouver, WA.
- The property boasts a Walk Score of 95, offering exceptional accessibility to nearby amenities including Lower Columbia College.
- At $84 per rentable SF, the property is being offered at a price well-below replacement cost.
- The building offers an on-site laundry room and in-unit laundry hookups for the 2-bedroom, 2-bathroom units.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,980 SF
Building Class
B
Year Built
1924
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.63
Lot Size
0.14 AC
Zoning
CO2 - Commercial Office
Frontage
46’ on Commerce Ave
PROPERTY TAXES
| Parcel Number | 0-0539 | Improvements Assessment | $691,350 |
| Land Assessment | $60,000 | Total Assessment | $751,350 |
