Provided by NWMLS, Listed by Woodford CRE
Pending
Pending Feasibility
1237 Commerce Ave
Longview WA, 98632
$1,100,000
Pending
Pending Feasibility
Commercial
Built in 1926
Seize this rare chance to acquire a prime investment property with substantial upside potential, situated in the heart of downtown Longview. This distinguished 16,200-square-foot mixed-use building combines historic charm with significant growth prospects, featuring four commercial suites and 16 residential apartments across two levels. The property presents considerable potential for rent increases following necessary updates. Currently offered at a 5.4% cap rate, this investment boasts a conservative proforma projecting a 10%+ cap rate, making it an outstanding addition to any investment portfolio. Capitalize on the opportunity to enhance cash flow through strategic improvements and efforts.
2293194
MLSⓇ ID
September 20, 2024
Listed
November 14, 2024
Updated
Map
1237 Commerce Ave
Longview WA, 98632
Interior Features
Interior Features
Hardwood, Laminate, Wall to Wall Carpet
Floor Description
Hardwood, Laminate, Vinyl Plank, Carpet
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Wall Unit(s)
Exterior/Building Features
Lot Size
0.25 Acres
Exterior Features
Brick, Cement/Concrete
Roof
Torch Down
Sewer
Sewer Connected
Other Property Details
Area Name
404 - Westside
Taxes
$5,440
Tax Frequency
Annually
Garage
No
Parking Total
0
View
No
County
Cowlitz
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
10/5/2024 | Pending | — |
The IDX display presents information sourced from the Northwest Multiple Listing Service as of 11/21/2024. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 11/21/2024 at 10:00 PM UTC . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Data last updated on 11/21/2024 at 10:00 PM UTC