1157 3rd Ave $3,900,000

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    1157 3rd Ave Longview, WA 98632

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    $3,900,000

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    • 2.41 Acres
    • Commercial/Industrial
    • Listing# 1562396
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    Views: 10 Days On Market: 11

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    Property Details

    The Stanley Plaza office complex has always been highly sought after by office tenants throughout the Pacific Northwest. Newly remodeled buildings host professional office and warehouse tenants with 95 parking stalls. Together, they boast 100% occupancy with some tenants leasing their spaces for over 10 years. With roughly 43,800 SQ. FT of leasable office and warehouse space, this complex produces an impressive 7.4 CAP rate!

    • General Features
      • County Cowlitz
      • Approx Building SqFt 51,044
      • Approx Office SqFt 33,000
      • Approx Whse/Mfg SqFt 15,000
      • Zoning Class Business, Commercial
      • Selling Office Commission 1.5
      • Style 73-Office
      • Total Covered Parking 0
      • Total Uncovered Parking 95
      • Zoning Jurisdiction City
    • Building Features
      • Exterior Cement/Concrete, Stucco, Wood Products
      • Foundation Post and Pillar, Poured Concrete
      • Roof Flat, Metal
      • Floor Covering Ceramic Tile, Concrete, Vinyl, Wall-to-Wall Carpet
      • Features Elevator, Signage Included, Sprinklered, Storage
      • Heating and Cooling Forced Air, Heat Pump
      • Loading 4-6 Bays
    • Property Features
      • Depth of Lot 0
      • Site Frontage 0
      • Environment Survey Y
      • Water-Sewer-Garbage 16851
      • Sewer Sewer Connected
      • Sewer Company City of Longview
      • Energy Source Electric
      • Power Company Cowlitz PUD
      • Number of Available Pads 0
      • Lot Square Footage 105,000
    • Financials
      • Vacancy Rate 0
      • Total SqFt Rented 48,000
      • Total Monthly Rent $30,980
      • Gross Rent Multiplier 10
      • Cap Rate -NOI div LP 7.4
      • Gross Scheduled Income $371,760
      • Gross Adjusted Income $371,760
      • Total Expenses $0
      • NOI $289,521
      • Electrical Expenses $2,651
      • Tax Expense $21,068
      • Heating Expense $3,000
      • Insurance Expense $17,894
      • Other Expenses $2,400
      • Tax Year 2019
      • Annual Assoc. Dues $0

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    Neighborhood

    98632 (Longview) Demographics

    42 Median Age
    375 Population Density (per sq. mile)
    26% College Educated
    $41,824 Estimated Median Income
    11,532 Estimated Total Home Owners
    8,053 Estimated Total Renters
    59% / 41% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    48,512 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $258,450 Median Sales Price
    42 Homes Sold
    85 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $3,900,000
        2/13/2020 3:02:00 PM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2020. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.