Listed by John L Scott Real Estate - Longview
$599,900
1221-1227 17th Avenue Longview, WA 98632
Details
APN 00661
Property Type Retail
Sub Type Storefront
Square Footage 4,266
Units 5
Cap Rate 5.58%
NOI $33,476
Tenancy Multi
Price per SqFt $141
Class C
Year Built 1958
Year Renovated 2020
Buildings 1
Stories 1
Lot Size (SqFt) 5,401
Zoning C02
Commercial Retail Building
Marketing description
Investment Opportunity! Fully leased Retail Building. Five separate spaces. Long term tenants include a Salon, Massage Therapist, Daycare (2 Spaces) and Barber. Opportunity to increase income upon lease renewals. All suites have had recent updates. Building sf 4,266 with 5401sf lot. Street parking plus current owner leases part of adjacent parking lot. Great downtown location. Don't let this opportunity pass you by. Contact Listing Brokers for more information.
Listing Contacts
Listed by John L Scott Real Estate - Longview
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$33,476.00
$2,789.67/mo
Valuation Metrics
0
DSCR
5.58%
Cap Rate
5.58%
ROI
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