1237 Commerce Ave , Longview, WA 98632
Longview, WA 98632
Description
Seize this rare chance to acquire a prime investment property with substantial upside potential, situated in the heart of downtown Longview. This distinguished 16,200-square-foot mixed-use building combines historic charm with significant growth prospects, featuring four commercial suites and 16 residential apartments across two levels. The property presents considerable potential for rent increases following necessary updates. Currently offered at a 5.4% cap rate, this investment boasts a conservative proforma projecting a 10%+ cap rate, making it an outstanding addition to any investment portfolio. Capitalize on the opportunity to enhance cash flow through strategic improvements and efforts.
Details
| MLS# | 2293194 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1926 |
| Days On Site | 19 |
| Listing Provided By | Woodford CRE | Chris Roewe |
Features
| Units | 4 |
|---|---|
| Acreage | 0.25 |
Market Activity 98632
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Learn More About This Property
| State | WA |
|---|---|
| County | Cowlitz |
| City | Longview |
| Zip Code | 98632 |
| Area | 404 Westside |
| Community Name | Longview |
| Listing VS Median (in Longview) | |
Price: $1,100,000 low | high Med: $369,500 On Site: 19 low | high Med: 99.000000 | |