LEVI'S AUTO PARTS 508 E 3rd Ave 8,162 SF Retail Building Moses Lake, WA 98837 $1,750,000 ($214.41/SF) 25% Cap Rate
INVESTMENT HIGHLIGHTS
- High street traffic
- Multi Tenant Spaces
- High Voltage Power
EXECUTIVE SUMMARY
Prime Multi-Tenant Property in the Heart of Moses Lake!
This exceptional property is situated just off the busiest road in town, offering incredible visibility and accessibility. Zoned C1A-Transitional Commercial, the space is versatile enough to suit a wide range of businesses, including retail shops, offices, restaurants, daycare centers, community centers, and more.
The 8,000+ SQFT building features 3-phase power and the flexibility to accommodate 3-4 tenants or be reconfigured for 1-2 larger tenants. This 15,000SQFT lot with ample parking, a fenced lot, and a location right in the hustle and bustle of downtown Moses Lake, this property offers endless potential. Additional 9,000SQFT lot next door can be negotiated for additional funds.
Don’t miss this rare opportunity to invest in a highly desirable commercial space with unbeatable potential!
This exceptional property is situated just off the busiest road in town, offering incredible visibility and accessibility. Zoned C1A-Transitional Commercial, the space is versatile enough to suit a wide range of businesses, including retail shops, offices, restaurants, daycare centers, community centers, and more.
The 8,000+ SQFT building features 3-phase power and the flexibility to accommodate 3-4 tenants or be reconfigured for 1-2 larger tenants. This 15,000SQFT lot with ample parking, a fenced lot, and a location right in the hustle and bustle of downtown Moses Lake, this property offers endless potential. Additional 9,000SQFT lot next door can be negotiated for additional funds.
Don’t miss this rare opportunity to invest in a highly desirable commercial space with unbeatable potential!
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
8,162 SF
Building Class
C
Year Built
1960
Price
$1,750,000
Price Per SF
$214.41
Cap Rate
25%
NOI
$437,500
Business Value
$600,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.55
Lot Size
0.34 AC
Zoning
C1A - Commercial - Non residential zoning uses https://moseslake.municipal.codes/Code/15.405.070
Parking
20 Spaces (2.45 Spaces per 1,000 SF Leased)
Frontage
250’ on 3rd Ave
AMENITIES
- Fenced Lot
- Air Conditioning
- Fiber Optic Internet
ABOUT 508 E 3RD AVE , MOSES LAKE, WA 98837
The 8,000+ SQFT building features 3-phase power and the flexibility to accommodate 3-4 tenants or be reconfigured for 1-2 larger tenants. This 15,000SQFT lot with ample parking, a fenced lot, and a location right in the hustle and bustle of downtown Moses Lake, this property offers endless potential. Additional 9,000SQFT lot next door can be negotiated for additional funds.
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Levi's Auto Parts
- -
-
99,999 SF
- -
-
Jan 0000
- Line-X
- -
-
99,999 SF
- -
-
Jan 0000
- Owner Storage
- -
-
99,999 SF
- -
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Levi's Auto Parts | - | 99,999 SF | - | Jan 0000 | ||
| Line-X | - | 99,999 SF | - | Jan 0000 | ||
| Owner Storage | - | 99,999 SF | - | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 111175000 | Improvements Assessment | $371,550 (2024) |
| Land Assessment | $52,500 (2024) | Total Assessment | $424,050 (2024) |
