105-107 N Tower Ave

    Centralia, WA 98531
    • $1,200,000
    • STATUS: Active
    • ON SITE: 64 days
    • ID#: 1560624
    $1,200,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:
    Area:

    School Ratings & Info

    Listing Courtesy of Blade Realty Llc.

    Description

    Iconic Field and Lease Building. 2 story, mixed use, with 5 storefront/retail suites, 6 second floor offices & 1600 sq ft Penthouse apartment. Very stable occupancy in desirable downtown historic district. The building is 17% owner occupied. Strong cap rate with several long term successful retailers. Leases are on modified gross expense structure. Elevator is not operating and is need of repair.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Engel & Völkers Federal Way are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-04-08T00:14:01.053.

    www.recordrre.com/homes/102858916

    105-107 N Tower Ave Centralia, WA 98531

    • Price: $1,200,000
    • Status: Active
    • ID#: 1560624
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    1900
    Built
    Neighborhood:
    Centralia
    County:
    Lewis
    Area:
    Centralia
    Property Description
    Iconic Field and Lease Building. 2 story, mixed use, with 5 storefront/retail suites, 6 second floor offices & 1600 sq ft Penthouse apartment. Very stable occupancy in desirable downtown historic district. The building is 17% owner occupied. Strong cap rate with several long term successful retailers. Leases are on modified gross expense structure. Elevator is not operating and is need of repair.
    Exterior Features

    Building Condition Good Exterior Cement/ConcreteStone Foundation Poured Concrete Lot Depth 0 Lot Topography And Vegetation Level Roof Flat Site Frontage 0 Style 61 - Comm Bldg Ovr 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 0 Waterfront Footage 0

    Interior Features

    Building Sq Ft 18050 Floor Covering HardwoodVinylWall to Wall Carpet Office Sq Ft 16000 Total Sq Ft Rented 17048

    Property Features

    Assessed Value Improvements 575000 Assessed Value Land 137500 Assessed Value Total 672500 Assessed Value Year 2020 Available Pads 0 Bank Owned No Boundary Survey 7.00 Commercial Features ElevatorStorage Electrical Expenses 0 Energy Source ElectricNatural Gas EPSEnergy 0 Form17 Provided Free And Clear N General Zoning Classification CommercialOfficeRetail Gross Adjusted Income 87380 Gross Rent Multiplier 11 Gross Scheduled Income 105000 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 6000 Net Operating Income 86318 Other Expenses 0 Possession NegotiableSee RemarksSub. Tenant's Rights Power Company City Of Centralia Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Sewer Company City Of Centralia Tax Amount 7556 Tax Year 2020 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 17620 Total Expenses TEX 17620 Total Monthly Rent 8750 Vacancy Rate 10 Water Company City Of Centralia Water Sewer Garbage 2100 Water Source Public Zoning Jurisdiction City

    Listing information © 2020 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Engel & Völkers Federal Way and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Engel & Völkers Federal Way are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2020-04-08T00:14:01.053.

     
    Engel & Völkers Federal Way
    2012 S. 320th St. Suite A
    Federal Way WA, 98003
    Listing Courtesy of Blade Realty Llc.