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711 & 717 Vandercook Way Package 717 Vandercook Way 11,562 SF Retail Building Longview, WA 98632 $2,400,000 ($207.58/SF) 7.03% Cap Rate
Investment Highlights
- 100% Occupancy
- 7% CAP Rate
- Great Visibility
Executive Summary
Ideal income office/retail building now available for sale! This two-story building features approx. 11,562 SF spread over 7 total spaces, has a large parking lot, rear parking easement, and has one of the best corner locations for excellent signage and visibility. A majority of the spaces have been tastefully updated over the past 5 years. This property is offered at a 7.0% CAP Rate with great potential upside. This building has had historically low vacancy and potential for rent increases upon lease renewals. This would make an excellent addition to your portfolio, so call today to get more information on this property.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
11,562 SF
Building Class
C
Year Built
1935
Price
$2,400,000
Price Per SF
$207.58
Cap Rate
7.03%
NOI
$168,631
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.54
Lot Size
0.49 AC
Zoning
CBD - Central Business District
Frontage
194’ on Washington Way
Amenities
- Bus Line
- Corner Lot
- Air Conditioning
Walk Score®
Very Walkable (80)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,418,590 | |
| Land Assessment | $150,200 | Total Assessment | $1,568,790 |
Property Taxes
Parcel Numbers
Land Assessment
$150,200
Improvements Assessment
$1,418,590
Total Assessment
$1,568,790
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711 & 717 Vandercook Way Package | 717 Vandercook Way
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