217 S Tower Ave $1,300,000

    Close

    217 S Tower Ave Centralia, WA 98531

    • 0.26 Acres
    • Commercial/Industrial
    Listing# 1093855 | Active

    $1,300,000

    Request Info
    Days On Market: 885 100 Views
    Add to Favorites Share

    Go Tour This Home

    Schedule A Showing

    Property Details

    Excellent investor opportunity: Strong 8.6% cap rate based on leases with long term commercially successful tenants. This is a very good structure with low maintenance needs.

    • General Features
      • County Lewis
      • Zoning Class Commercial
      • Zoning Jurisdiction City
      • Style 61-Comm Bldg Ovr 10K
      • Approx Building SqFt 19,950
      • Approx Whse/Mfg SqFt 0
      • Approx Office SqFt 0
      • Total Uncovered Parking 11
      • Total Covered Parking 0
      • Lot Dimensions 95x120
    • Building Features
      • Exterior Brick
      • Foundation Poured Concrete, Slab
      • Roof Built-Up
      • Floor Covering Concrete, Fir/Softwood, Hardwood, Vinyl, Wall-to-Wall Carpet
      • Features Elevator
      • Heating and Cooling Forced Air, Heat Pump
      • Loading 1-3 Bays
    • Property Features
      • Lot Square Footage 11,400
      • Depth of Lot 120
      • Site Frontage 95
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Sewer Company City of Centralia
      • Energy Source Electric, Natural Gas
      • Power Company City of Centralia
      • Number of Available Pads 0
    • Financials
      • Vacancy Rate 0
      • Total SqFt Rented 0
      • Total Monthly Rent $10,000
      • Gross Rent Multiplier 0
      • Cap Rate -NOI div LP 8.6
      • Gross Scheduled Income $120,000
      • Gross Adjusted Income $120,000
      • Total Expenses $8,404
      • NOI $111,596
      • Electrical Expenses $0
      • Tax Expense $5,154
      • Heating Expense $0
      • Insurance Expense $3,250
      • Annual Assoc. Dues $0
      • Other Expenses $0
      • Tax Year 2017

    Contact

    Neighborhood

    98531 (Centralia) Demographics

    36Median Age
    185Population Density (per sq. mile)
    27%College Educated
    $41,745 Estimated Median Income
    5,640Estimated Total Home Owners
    4,009Estimated Total Renters
    58% / 42%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    25,297Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $250,000 Median Sales Price
    37 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: $1,300,000
        8/23/2019 1:51:13 PM Status Changed Source New Value: Active
        6/24/2019 1:41:09 PM Status Changed Source New Value: Pending
        3/22/2017 12:44:00 PM New in Database Source

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment

        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.