4500 Tolt Ave - Confluence Building 0.21 Acres of Commercial Land Offered at $1,150,000 in Carnation, WA 98014
INVESTMENT HIGHLIGHTS
- Highly visible traffic on major highway in town
- Recently updated city landscaping & sidewalks
EXECUTIVE SUMMARY
Great opportunity to supply much needed office & retail spaces in downtown Carnation. 2 main floor , high-visibility retails spaces; 3+ office spaces on middle floor and 3 residential apartments on top floor. Elevator access to all 3 floors. Common corridors and baths on first 2 floors. One large office space on 2nd floor could allow for division for more units/capacity. Fully engineered plans are approved and permit ready for build out. Civil development work completed. 120 new homes being built in community; average price $1M. Unique opportunity for local focus/demand fulfillment.
PROPERTY FACTS
1 LOT AVAILABLE
Lot 15-17
| Price | $1,150,000 |
| Price Per AC | $5,603,360.07 |
| Lot Size | 0.21 AC |
High visibility lot with all civil work completed for 3 story commercial building. Fully approved plans for 15,287 sq. ft building w/ 7 parking stalls. Fast growing town--most prominent corner lot in the City. Great pedestrian traffic. Mixed use bldg
DESCRIPTION
This is the Keystone property in downtown Carnation. Unique opportunity to capture maximum pedestrian and vehicle traffic visibility on main streets in the City. Lots of new growth going on in/around town will increase the need and demand for new retail and office spaces. Utilities and all civil work completed and on site. Fully engineered and approved plans for 15,287 sq ft building with 8 covered parking spaces. 11,456 square feet of rentable space.
PROPERTY TAXES
| Parcel Number | 865830-2065 | Improvements Assessment | $0 |
| Land Assessment | $357,600 | Total Assessment | $357,600 |
