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1910 Bay Ave 3,997 SF 75% Leased Retail Building Ocean Park, WA 98640 $450,000 ($112.58/SF)



Investment Highlights
- Main rd, lots of parking
Executive Summary
Listing includes both the Building and Business! The 3900 sqft multipurpose building is on 2 lots totaling half an acre. The business is "Forgotten Treasures" where 28 vendors pay for rental space; Business is very well established having been in operation for 15 years. There are 3 additional retail/office spaces with bathroom facilities. Currently all spaces are rented (one office one retail) and summer rental parking lot space for a vegetable/fruit stand. In the future they are perfect for artist, maker, writer...or even perfect for a live/work. Owners currently also have a lucrative Shed Sales business where they have a contract to sell the sheds. If new owner wanted they could possibly contract to continue with vendor.(Sheds do not come with the property) Dream big as there are a multitude of options including live work or converting to long or short term rentals. Lot is also ready for 2 food trucks which used rent space. Property has large frontage along Bay Ave(Hyw 103) and has a great location with a strong traffic count. Lots of off street parking and room for expansion building is ideally situated in vibrant Ocean Park with the Pacific Ocean and Willapa Bay within walking distance. Located next door to Okies Thirftway and close Jack's, Banks and Restaraunts.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,997 SF
Building Class
C
Year Built
1994
Price
$450,000
Price Per SF
$112.58
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.54 AC
Zoning
Commercial - zoning is commercial for both the building and the extra lot. property is on main road through a small town beside grocery store and by the bank
Parking
9 Spaces (2.25 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- brian
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| brian | Services | 99,999 SF | $9.99 | Lorem Ipsum | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $285,200 | |
| Land Assessment | $180,000 | Total Assessment | $465,200 |
Property Taxes
Parcel Numbers
Land Assessment
$180,000
Improvements Assessment
$285,200
Total Assessment
$465,200
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1910 Bay Ave
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