Centralia Square Annex
Versatile Historic Mixed-Use Property in Downtown Centralia
Marketing description
The Centralia Square Annex is a prominent two-story masonry building in the walkable Historic Downtown District. Its classic brick exterior combines historic character with modern professional infrastructure. The main level features a flexible layout suitable for retail, office, healthcare, and creative commercial uses.
Located on Centralia College Boulevard with prominent street frontage, the building offers high visibility and steady exposure to pedestrian and vehicle traffic near the active Pearl Street corridor. The property also generates immediate supplemental income from two existing residential apartments.
The property is configured for multi-tenant or investment use and will be available for possession at closing, with vacancy expected in late October.
Please note that ground-floor event venue use is not permitted to prevent conflicts with the neighboring facility.
Investment highlights
- Immediate Rental Revenue: Generates $3,395 per month in steady supplemental cash flow from two existing residential apartments.
- Strong Value Proposition: Offered at a highly competitive acquisition cost of approximately $129.59 per square foot.
- Strategic Downtown Location: Situated within Centralia's walkable Historic Downtown District, a designated regional destination listed on the National Register of Historic Places.
- High Visibility Frontage: Features 56 feet of prominent street frontage along Centralia College Boulevard near the high-traffic Pearl Street corridor.
- Adaptable Value-Add Potential: C3 zoning and a versatile two-story layout support multiple commercial applications including retail, professional office, or healthcare services.
- Growing Economic Base: Positioned in an active submarket with a projected local population growth rate of 3.57% and over $110 million in annual consumer spending within a 1-mile radius.
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