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 

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