1209 Commerce Ave $1,000,000

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    1209 Commerce Ave Longview, WA 98632

    • Commercial/Industrial
    Listing# 1479188
    SOLD 9/26/2019

    $1,000,000

    Days On Market: 54 17 Views
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    Property Details

    Rare find in this mixed use building in the heart of Longview. These side-by-side buildings consist of 3 commercial spaces on the ground floor and 13 apts above ranging in size from studio to 2 bed 1 bath. Great upside in rents with a 8.5% proforma CAP Rate & 13% rate of return. This would make an excellent addition to your portfolio and/or a great opportunity for an owner user. There is street parking in front along Commerce as well as a public parking lot in the rear of the building.

    • General Features
      • County Cowlitz
      • Approx Building SqFt 0
      • Approx Office SqFt 22,060
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Commercial
      • Style 61-Comm Bldg Ovr 10K
      • Total Covered Parking 0
      • Total Uncovered Parking 0
      • Zoning Jurisdiction City
    • Building Features
      • Exterior Cement/Concrete
      • Roof Torch Down
      • Floor Covering Ceramic Tile, Concrete, Wall-to-Wall Carpet
      • Heating and Cooling Wall
    • Property Features
      • Depth of Lot 0
      • Site Frontage 0
      • Water-Sewer-Garbage 21777
      • Sewer Sewer Connected
      • Sewer Company City of Longview
      • Energy Source Electric, Natural Gas
      • Power Company Cowlitz PUD
      • Number of Available Pads 0
      • Lot Square Footage 0
    • Financials
      • Vacancy Rate 7
      • Total SqFt Rented 0
      • Total Monthly Rent $13,950
      • Gross Rent Multiplier 7
      • Cap Rate -NOI div LP 8.50
      • Gross Scheduled Income $167,400
      • Gross Adjusted Income $155,682
      • Total Expenses $0
      • NOI $89,380
      • Electrical Expenses $0
      • Tax Expense $8,381
      • Heating Expense $0
      • Insurance Expense $5,700
      • Other Expenses $30,444
      • Tax Year 2019
      • Annual Assoc. Dues $0

    Neighborhood

    98632 (Longview) Demographics

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

    Market Last 30 Days

    $286,700 Median Sales Price
    50 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        9/26/2019 12:00:00 AM Sold Source New Value: $1,000,000
        7/19/2019 3:01:17 PM Status Changed Source New Value: Pending Feasibility

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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, 2019. 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.