$1,100,000
1237 Commerce Ave Longview, WA 98632
Save Share 
Schedule a Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
See all 20 photos
20 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Woodford CRE
$1,100,000
Est. payment /mo
10,800 Sqft Lot
UPDATED:
10/06/2024 06:54 AM
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Pending
Purchase Type For Sale
Subdivision Longview
MLS Listing ID 2293194
Style 61 - Comm Bldg Ovr 10K
Year Built 1926
Annual Tax Amount $5,440
Lot Size 10,800 Sqft
Property 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.
Location
State WA
County Cowlitz
Area 404 - Westside
Interior
Interior Features Hardwood, Laminate, Wall to Wall Carpet
Flooring Hardwood, Laminate, Vinyl Plank, Carpet
Fireplace Yes
Exterior
Exterior Feature Brick, Cement/Concrete
Roof Type Torch Down
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
Read Less Info
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Get More Information
QUICK SEARCH
- Homes For Sale in Bellingham, WA
- Homes For Sale in Ferndale, WA
- Homes For Sale in Blaine, WA
- Homes For Sale in Lynden, WA
- Homes For Sale in Custer, WA
- Homes For Sale in Maple Falls, WA
- Homes For Sale in Oak Harbor, WA
- Homes For Sale in Coupeville, WA
- Homes For Sale in Freeland, WA
- Homes For Sale in Langley, WA
- Homes For Sale in Clinton, WA
- Homes For Sale in Mount Vernon, WA
- Homes For Sale in Anacortes, WA
- Homes For Sale in Sedro-Woolley, WA