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28024307
28024308

104 Spruce Street E, Ilwaco, WA 98624

DK
WA WA 27879
Realty One Group Long Beach
Listed by Realty One Group Long Beach
$1,150,000
212 days on market
Updated 20 days ago

The Historic Doupe Building

Details
APN 10113342014
Property Type Hospitality, Multifamily (+2)
Sub Type Apartment Building, Restaurant (+1)
Square Footage 18,000
Net Rentable (SqFt) 18,000
Tenancy Multi
Price per SqFt $64
Buildings 2
Stories 2
Lot Size (SqFt) 17,860
Zoning C
Parking Spaces per unit
Investment Type Sale/Leaseback
Sale Condition Sale for leaseback

The Historic Doupe Building, located in Ilwaco Washington, Waiting for your vision.

Marketing description

The iconic Doupe Building is a ~ 18, 000 sq. ft. property comprised of two connected buildings and a private parking lot, in the midst of transformation and ready for your vision. One luxury apartment and one commercial space are completed and operating with instant cash flow. Zoned for mixed-use, commercial plus short- or long-term rentals. ~ 10, 000 sq. ft of commercial space, with potential for seven more apartments upstairs, and the possibility of multiple commercial spaces and apartments on the main floor. The roof, skylights, fire suppression system, and water mains are all new. Motivated seller willing to review all offers, including creative financing and partnership. List of upgrades available.

Investment highlights

  1. ~18,000 sq ft mixed-use asset spanning two connected buildings + private parking lot

  2. Immediate income from 1 renovated luxury apartment and 1 operating commercial tenant

  3. ~10,000 sq ft of commercial space with flexible build-out potential

  4. Opportunity to add up to 7 additional apartments on the upper level

  5. Main level can be reconfigured for multiple commercial suites and/or additional residential units

  6. Mixed-use zoning supports short-term or long-term rental strategies

  7. Major capital improvements completed: new roof, skylights, fire-suppression system, water mains

  8. Value-add, reposition, or owner-user opportunity in a historic downtown location

  9. Motivated seller open to all offers, including creative financing and partnership structures

  10. Upgrade list available upon request

Listing Contacts

DK
WA WA 27879
Realty One Group Long Beach
Listed by Realty One Group Long Beach

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Additional Information

Name
Kaylin Culver
License
21026357
Brokerage
Realty One Group Pacifica
Brokerage Phone
775-781-3246
Title
Broker of Record
Brokerage Address
511 Pacific Ave S Long Beach WA 98631
Name
Doug Knutzen
License
WA 27879
Brokerage
Realty One Group Pacifica
Title
Managing Broker
Brokerage Address
PO Box 549
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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