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300 S Tower Ave 12,000 SF Retail Building Centralia, WA 98531 $875,000 ($72.92/SF) 8.23% Cap Rate
EXECUTIVE SUMMARY
With street frontage on 2 sides, this corner building has 12,000 square feet of commercial/Retail/Office space with 3,000 square feet of bonus storage on the second floor. Easy access with a loading dock on the north end of the building and a loading ramp into the NE corner of the building. Previous business was here for over 28 years. Building could be used as retail space, divided into office space, possible warehouse space or any combination. Rents are all Pro-Forma based on NNN.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,000 SF
Building Class
C
Year Built/Renovated
1920/1990
Price
$875,000
Price Per SF
$72.92
Cap Rate
8.23%
NOI
$72,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.98
Lot Size
0.28 AC
Zoning
C3
Parking
20 Spaces (1.67 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 003520-000-000 | Improvements Assessment | $217,200 |
| Land Assessment | $169,700 | Total Assessment | $386,900 |
PROPERTY TAXES
Parcel Number
003520-000-000
Land Assessment
$169,700
Improvements Assessment
$217,200
Total Assessment
$386,900
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300 S Tower Ave
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