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315 Main Ave E 4,460 SF 100% Leased Retail Building Soap Lake, WA 98851 $475,000 ($106.50/SF)
Executive Summary
Rare downtown space in the heart of Soap Lake! Short distance from Lake, Restaurants, Resorts and Entertainment. Multi-use building with two additional living quarters. Street facing entrance features 1000 sqft +/- storefront, back of building features a massage/spa type space with multiple rooms that could be rented out individually or as a part of a full business. Separate basement.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$36,600
|
$8.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$36,600
|
$8.21
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$13,392
|
$3.00
|
| Net Operating Income |
$23,208
|
$5.20
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $36,600 |
| Annual Per SF | $8.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $36,600 |
| Annual Per SF | $8.21 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $13,392 |
| Annual Per SF | $3.00 |
| Net Operating Income | |
|---|---|
| Annual | $23,208 |
| Annual Per SF | $5.20 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
4,460 SF
Building Class
C
Year Built
1910
Price
$475,000
Price Per SF
$106.50
Percent Leased
100%
Building Height
1 Story
Building FAR
0.64
Lot Size
0.16 AC
Parking
5 Spaces (1.12 Spaces per 1,000 SF Leased)
Frontage
47’ on Main Avenue East
Property Taxes
| Parcel Number | 080398000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $182,801 |
Property Taxes
Parcel Number
080398000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$182,801
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315 Main Ave E
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