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26674517
26674518

1008 14th Ave, Longview, WA 98632

TW
WA 50148
Woodford Commercial Real Estate
HW
WA 25016375
Woodford Commercial Real Estate
Listed by Woodford Commercial Real Estate
$2,400,000
282 days on market
Updated 21 days ago

14th Ave Plaza

Details
APN 0-1603, 0-160501, 0-1609
Property Type Retail
Sub Type Shopping Center
Square Footage 19,000
Net Rentable (SqFt) 19,000
Units 14
Cap Rate 8.50%
NOI $203,589
Occupancy 100%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 9.50%
Pro-Forma NOI $210,463
Price per SqFt $126
Year Built 1979
Buildings 2
Stories 1
Lot Size (SqFt) 46,603
Zoning O/C
Parking Spaces 119 per unit
Investment Type Owner/User

Retail | 8.5% CAP | 19,000 SqFt | 100% Occupied

Marketing description

100% occupied. Long-established retail buildings located at 14th Ave Plaza are now available for sale! This property makes up two-thirds of the plaza and offers approx. 19,000 SF spread over two parcels with 14 tenant suites. It provides excellent visibility with strong signage opportunities, a large parking lot, and a shared parking easement. Currently offered at a 8.5% CAP rate, the property benefits from historically low vacancy and the potential for rental increases at lease renewals, presenting a compelling upside with a 9.5% proforma CAP rate. With the added potential to acquire the entire plaza, this property is a strong investment opportunity with large upside potential, making this center a valuable addition to any portfolio. Call today to get more information on this property.

Listing Contacts

TW
WA 50148
Woodford Commercial Real Estate
HW
WA 25016375
Woodford Commercial Real Estate
Listed by Woodford Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$203,589.00
$16,965.75/mo

Valuation Metrics

0
DSCR
8.48%
Cap Rate
8.48%
ROI

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Additional Information

Name
Todd Wade
License
50148
Brokerage
Woodford Commercial Real Estate
Title
Broker
Brokerage Address
208 Vine St
Name
Hayden Wade
License
25016375
Brokerage
Woodford CRE
Brokerage Phone
3605605500
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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