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1209 Commerce Avenue

Longview, WA 98632
  • $1,899,000
  • STATUS: Active
  • ON SITE: 83 Days
  • ID#: 1892000
UPDATED: 69 min ago
$1,899,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1929
County:
Area:

School Ratings & Info

Listing Courtesy of Woodford Cre.

Description

Rare find with these two recently refreshed buildings located in the heart of downtown Longview. These buildings feature 13 apartments and 3 large commercial spaces that are spread over 2 tax parcels. Buildings have newer plumbing, new laundry centers, new appliances, paint, flooring, windows, and much much more. These properties are being offered at a 5.7% CAP Rate with a Proforma CAP Rate of 6.5% and have had a great rental history since the renovations started plus commercial vacancy is at an all-time low in the area. Potential apartment conversion of the second-floor commercial space too. These would make an excellent addition to your investment portfolio to enjoy the passive cash flow from this. Call today for more details.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Source Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-05-16T20:15:39.943.

www.sourcerealestate.com/homes/126017276
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1209 Commerce Avenue Longview, WA 98632

  • Price: $1,899,000
  • Status: Active
  • On Site: 83 Days
  • Updated: 69 min ago
  • ID#: 1892000
0
Beds
0
Baths
0
½ Baths
0.28
Acres
1929
Built
Neighborhood:
Longview
County:
Cowlitz
Area:
West Kelso
Property Description
Rare find with these two recently refreshed buildings located in the heart of downtown Longview. These buildings feature 13 apartments and 3 large commercial spaces that are spread over 2 tax parcels. Buildings have newer plumbing, new laundry centers, new appliances, paint, flooring, windows, and much much more. These properties are being offered at a 5.7% CAP Rate with a Proforma CAP Rate of 6.5% and have had a great rental history since the renovations started plus commercial vacancy is at an all-time low in the area. Potential apartment conversion of the second-floor commercial space too. These would make an excellent addition to your investment portfolio to enjoy the passive cash flow from this. Call today for more details.
Exterior Features

Carport YN No Exterior Features BrickCement/ConcreteWood Products Open Parking YN No Parking Total 0 Roof Torch Down Structure Type Unspecified Style Code 61 - Comm Bldg Ovr 10K Topography Level

Interior Features

Building Area Total 0 Fireplace YN No Flooring Carpet Furnished Unfurnished Interior Features Wall To Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 113927 Possession Closing Possible Use Commercial Power Company Cowlitz Pud Power Production Type Electric Property Sub Type Commercial Industrial Senior Community YN No Sewer Sewer Connected Sewer Company City Of Longview Special Listing Conditions None Tax Annual Amount 9339 Tax Year 2022 Utilities Sewer ConnectedElectricity Available Water Company City Of Longview Water Source Public Year Built Effective 1929 Zoning Class Commercial Zoning Jurisdiction City

Listing information © 2022 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Source Real Estate and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Source Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-05-16T20:15:39.943.

 
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Source Real Estate
15 E Central STE 200
Spokane WA, 99208
Listing Courtesy of Woodford Cre.