405 W Main St, Coulee City, WA 99115

https://youtu.be/Nda-auGND64?si=TmG2m7C77r8ahzO-

Heidi Bright

PRO

Listed by Coldwell Banker Danforth

$165,000

204 days on market

Updated 204 days ago

405 West MAIN STREET

Details

APN

070276000

Property Type

Mixed Use, Office (+1)

Sub Type

Grocery Store, Storefront (+1)

Square Footage

5,016

Cap Rate

6.50%

Occupancy

100%

Tenancy

Multi

Year Renovated

1985

Stories

Lot Size (SqFt)

3,872

47 years of local ownership. 100% occupancy entire time & rent hasn't been raised in 30+ years!

Marketing description

Invest in small town America w/ rare opportunity to own a piece of history, fully remodeled 1985. Strategic location on Main Street, this iconic building in the heart of this lakeside town ~ a popular Vacation Destination at Banks Lake. The Coulee Community adores this building w/ 47 years of local ownership. 100% occupancy entire time & rent hasn't been raised in 30+ years! Fitness Center upstairs *equipmt included* earned upwards of $1500/mo, but Owner cut back due to retirement (curr. rent @ $300/mo = easy to increase). Over 100+ years of life celebrated here; from a movie theatre, bakery/deli, grocery, retail, library, & more. Roof is 12 years new. Electricity in Grant County is among the least expensive power cost in the State of WA.

Investment highlights

Fully remodeled plumbing, electrical, walls, etc in 1985 and new roof 12 years ago
47 years of ownership with 100% occupancy entire time!
Iconic building, beloved by the entire Community
Popular Vacation Destination of Banks Lake just a stone’s throw
Fitness Center equipment can stay and monthly income in past has been upwards of $1500 just from this space
Historic use has ranged from movie theatre, to bakery, deli, grocery, library, insurance office, massage clinic and more!