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1338 Commerce Ave
Longview, WA 98632
Bowers Building · Office Property For Sale
Executive Summary
• Rare opportunity to purchase a mixed-use building (office/retail) in downtown Longview.
• The Bowers Building is strategically located on the corner of Commerce Ave and Broadway St, which considered the historic “First and Main” for Longview’s commercial core.
• With approx. 47,700 SF of rentable space, the current tenant mix includes national, regional and local tenants occupying a variety of sizes with most occupying less than 5% of the GLA of the building.
• The property also features an 18,000 SF private parking lot in the rear of the building, which is a rarity in downtown Longview.
• The vacancy rate for office space in Longview currently sits below 5%, well below both the national average and the greater Portland area.
• Priced at $7,700,000 (or approximately $161/SF)
• Contact Listing Broker for current Rent Roll and Financials.
• The Bowers Building is strategically located on the corner of Commerce Ave and Broadway St, which considered the historic “First and Main” for Longview’s commercial core.
• With approx. 47,700 SF of rentable space, the current tenant mix includes national, regional and local tenants occupying a variety of sizes with most occupying less than 5% of the GLA of the building.
• The property also features an 18,000 SF private parking lot in the rear of the building, which is a rarity in downtown Longview.
• The vacancy rate for office space in Longview currently sits below 5%, well below both the national average and the greater Portland area.
• Priced at $7,700,000 (or approximately $161/SF)
• Contact Listing Broker for current Rent Roll and Financials.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
45,455 SF
Building Class
B
Year Built
1926
Price
$7,700,000
Price Per SF
$169.40
Percent Leased
75%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
11,364 SF
Building FAR
1.26
Lot Size
0.83 AC
Zoning
D-C - Downtown Commerce District
Amenities
- Restaurant
- Security System
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 0-0485 | Improvements Assessment | $5,832,440 |
| Land Assessment | $108,000 | Total Assessment | $5,940,440 |
Property Taxes
Parcel Number
0-0485
Land Assessment
$108,000
Improvements Assessment
$5,832,440
Total Assessment
$5,940,440
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