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29434225
29434223

422 S Whitcomb Ave, Tonasket, WA 98855 For Sale

JF
WA WA23158
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle
$950,000
172 days on market
Updated 75 days ago
Opportunity zone

422 S Whitcomb Ave

Details
Property Type Retail
Sub Type Commercial
Square Footage 7,404
Units 5
Cap Rate 4.22%
NOI $40,129
Occupancy 100%
Tenancy Multi
Brand/Tenant Subway, Okanogan County Child Development Association (+3)
Lease Type Gross
Pro-Forma Cap Rate 7.58%
Pro-Forma NOI $72,000
Price per SqFt $128
Year Built 1938
Year Renovated 1999
Acreage 0.320
Parking Spaces 25 spaces
Parking per 1,000 SqFt 3.38
Investment Type Value Add

Retail for sale + additional lot

Marketing description

Marcus & Millichap is pleased to present the exclusive listing for 422 S Whitcomb Avenue in Tonasket, Washington. This offering features a 7,404-square-foot, fully leased, multi-tenant retail property situated on 0.32 acres across two contiguous parcels. The building benefits from a dedicated 25-space parking lot located directly behind the structure and is positioned within Tonasket’s downtown corridor, offering strong visibility and accessibility within the city’s main district.

Located directly along Highway 97, the property provides excellent exposure in Downtown Tonasket. The building is anchored by Subway, serving as an end-cap tenant and one of the few national brands in the area. The corridor sees an average daily traffic count of approximately 7,300 vehicles, ensuring consistent visibility and customer flow for all tenants.

Tonasket, located in north-central Washington’s Okanogan County, sits roughly 45 minutes north of Omak and 20 minutes south of the Canadian border. The city serves as a retail and service hub for nearby agricultural communities and travelers along Highway 97. Surrounded by farmland and outdoor recreation, Tonasket’s small-town character and steady year-round activity create a stable environment for long-term investment.

Investment highlights

  • Fully leased multi-tenant retail building with 25-space parking lot
  • Month-to-Month leases with no increases for several years offering owner-user/value-add investment opportunity.
  • Prime location in the heart of Tonasket's main retail trade area
  • Anchored by national tenant Subway
  • Corner property at signalized intersection (AADT 7,300)
  • Strong visibility and frontage along Highway 97
  • Listing price: $950,000
  • Price/sf: $128.31
  • NOI: $40,129
  • Cap rate: 4.22%
  • Pro forma NOI: $72,000
  • Pro forma cap rate: 7.58%
  • Gross sf: 7,404 sf
  • # of suites: 5
  • Lot size: 0.32 acres (13,939 sf)
  • Occupancy: 100%
  • Year built/renovated: 1938/1999

Listing Contacts

JF
WA WA23158
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$40,129.00
$3,344.08/mo

Valuation Metrics

0
DSCR
4.22%
Cap Rate
4.22%
ROI

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Additional Information

Name
Joel Deis
License
WA 25469
Brokerage Phone
206.826.5700
Title
Broker of Record
Name
Jesse Fox
License
WA23158
Brokerage
Marcus & Millichap Seattle Investment Real Estate Services
Brokerage Phone
5098502805
Title
Associate
Brokerage Address
401 Union Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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