1436 A St
Washougal, WA 98671
Retail Property For Sale

The Washougal Retail / Office Building is located on the Southwest corner of Washougal River Road and A Street in the heart of downtown Washougal, Washington. The building was built in 1999 and consists of 6,000 square feet of net rentable area on a 0.23 acre lot. The building is fully leased to a variety of office and retail tenants. All of the tenants are on gross leases. Over 75 percent of the tenant base has between two and four years of lease term remaining. The Seller recently put on a brand new roof, which comes with a fully transferable 50-year warranty as well as new hardy plank siding. This property provides an investor the opportunity to purchase a fully leased and stabilized, commercial asset in Clark County with strong appreciation potential. As Vancouver continues to grow rapidly with new several new commercial and residential developments in progress, there is a lot of growth being pushed west into the Washougal community. The Vancouver metro encompasses all of Clark County, Washington and is part of the Portland-Vancouver Metropolitan Statistical Area. The city of Washougal is 14 miles from downtown Portland. The local economy is characterized by the tax environment as the state of Oregon has no sales tax and the state of Washington levies no individual or corporate income taxes. This diminishes Vancouver's retail sector, though development of other types of real estate thrives as Oregon has more rigid development laws.