1843 S Market Blvd $365,000

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    1843 S Market Blvd Chehalis, WA 98532

    • 0.17 Acres
    • Commercial/Industrial
    Listing# 1379156 | Pending

    $365,000

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    Days On Market: 317 11 Views
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    Property Details

    So many possibilities with this fantastic investment opportunity w/recent rent increase! This 7300sf building sits on a large city lot with excellent visibility & traffic exposure in the heart of Chehalis among all the best amenities. Property features include 4 separate units, 4 bathrooms, attached 900 sf warehouse/shop with kitchen, front & rear entry, heat pump, large storage loft & large parking lot in the rear. Roof is 3 years old & property is currently operating as a licensed daycare.

    • General Features
      • County Lewis
      • Zoning Class Commercial
      • Zoning Jurisdiction City
      • Style 60-Comm Bldg Und 10K
      • Approx Building SqFt 7,289
      • Approx Whse/Mfg SqFt 900
      • Approx Office SqFt 0
      • Total Uncovered Parking 12
      • Total Covered Parking 0
    • Building Features
      • Exterior Cement/Concrete, Wood
      • Foundation Poured Concrete
      • Roof Composition
      • Floor Covering Ceramic Tile, Concrete, Vinyl, Wall-to-Wall Carpet
      • Features Storage
      • Heating and Cooling Forced Air, Heat Pump
    • Property Features
      • Lot Square Footage 7,289
      • Depth of Lot 0
      • Site Frontage 0
      • Expansion Area N
      • Environment Survey N
      • Water-Sewer-Garbage 400
      • Sewer Sewer Connected
      • Sewer Company City of Chehalis
      • Energy Source Electric
      • Power Company Lewis County PUD
      • Number of Available Pads 0
      • Pad Ready N
    • Financials
      • Free and Clear Y
      • Vacancy Rate 0
      • Total SqFt Rented 7,289
      • Total Monthly Rent $3,500
      • Gross Rent Multiplier 14
      • Cap Rate -NOI div LP 5
      • Gross Scheduled Income $27,600
      • Gross Adjusted Income $27,600
      • Total Expenses $6,794
      • NOI $20,806
      • Electrical Expenses $150
      • Tax Expense $2,544
      • Heating Expense $0
      • Insurance Expense $1,200
      • Annual Assoc. Dues $0
      • Other Expenses $2,500
      • Tax Year 2018

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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

    $288,800 Median Sales Price
    29 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: $365,000
        9/6/2019 9:51:37 AM Status Changed Source New Value: Pending
        8/26/2019 10:01:00 AM Status Changed Source New Value: Active
        7/29/2019 8:41:16 AM Status Changed Source New Value: Pending
        5/14/2019 9:41:10 AM Price Reduced Source New Value: $365,000 -7.59%
        11/3/2018 11:11:00 AM New in Database Source New Value: $395,000

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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.