1299 Bishop Rd $925,000

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    1299 Bishop Rd Chehalis, WA 98532

    • 0.49 Acres
    • Commercial/Industrial
    Listing# 1359745 | Active
    Days On Market: 400 44 Views
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    Property Details

    Elegantly updated medical office building currently shared by three longstanding tenants in the dental field. Excellent location in medical complex, close to Chehalis school campuses & easy access from the freeway. NNN leases provide a yearly income of just under $60k w/ low rents of $1.17/ft./mth + built-in annual increases based on the Consumer Price Index. Current Cap Rate of 6% could jump to over 8% in the next few years as tenants secured by long-term leases. Dont miss this opportunity!

    • General Features
      • County Lewis
      • Approx Building SqFt 4,246
      • Approx Office SqFt 0
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Commercial
      • Lot Dimensions 165x130
      • Style 73-Office
      • Total Covered Parking 0
      • Total Uncovered Parking 24
      • Zoning Jurisdiction City
    • Building Features
      • Exterior See Remarks
      • Foundation Poured Concrete
      • Roof Composition
      • Floor Covering Fir/Softwood, Vinyl, Wall-to-Wall Carpet
      • Heating and Cooling Forced Air, Heat Pump
    • Property Features
      • Depth of Lot 130
      • Site Frontage 165
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Energy Source Electric
      • Number of Available Pads 0
      • Lot Square Footage 21,533
    • Financials
      • Vacancy Rate 0
      • Total SqFt Rented 0
      • Total Monthly Rent $0
      • Gross Rent Multiplier 0
      • Cap Rate -NOI div LP 6
      • Gross Scheduled Income $0
      • Gross Adjusted Income $0
      • Total Expenses $0
      • NOI $59,559
      • Electrical Expenses $0
      • Tax Expense $0
      • Heating Expense $0
      • Insurance Expense $0
      • Other Expenses $0
      • Tax Year 0
      • Annual Assoc. Dues $0

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    Neighborhood

    98532 (Chehalis) Demographics

    41Median Age
    75Population Density (per sq. mile)
    32%College Educated
    $51,586 Estimated Median Income
    6,252Estimated Total Home Owners
    2,699Estimated Total Renters
    70% / 30%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    24,078Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $265,000 Median Sales Price
    52 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $925,000
        9/13/2019 12:32:01 PM Price Reduced Source New Value: $925,000 -7.5%
        9/14/2018 4:02:00 PM New in Database Source New Value: $999,999

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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.