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    1237 Commerce Ave, Longview, WA 98632
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    • MLS#: NWM2293194 ( Commercial Sale )
    • Street Address: 1237 Commerce Ave
    • Viewed: 1
    • Price: $1,100,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1926
    • Bldg sqft: 0
    • Additional Information
    • Geolocation: 46.1364 / -122.935
    • County: COWLITZ
    • City: Longview
    • Zipcode: 98632
    • Subdivision: Longview
    • Provided by: Woodford CRE
    • Contact: Chris Roewe
    • 360-501-5500
    • DMCA Notice
    • Description
      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.
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    Features
    Home Owners Association Fee
    1. 0.00
    Carport Spaces
    1. 0.00
    Close Date
    1. 0000-00-00
    Country
    1. US
    Covered Spaces
    1. 0.00
    Exterior Features
    1. Brick
    2. Cement/Concrete
    Flooring
    1. Hardwood
    2. Laminate
    3. Vinyl Plank
    4. Carpet
    Garage Spaces
    1. 0.00
    Heating
    1. Wall Unit(s)
    Insurance Expense
    1. 12201.00
    Interior Features
    1. Hardwood
    2. Laminate
    3. Wall to Wall Carpet
    Living Area
    1. 0.00
    Area Major
    1. 404 - Westside
    Net Operating Income
    1. 59826.00
    Open Parking Spaces
    1. 0.00
    Other Expense
    1. 5000.00
    Parcel Number
    1. 00540
    Possession
    1. Closing
    2. Tenant's Rights
    Possible Use
    1. Commercial
    Property Condition
    1. Average
    Property Type
    1. Commercial Sale
    Roof
    1. Torch Down
    Sewer
    1. Sewer Connected
    Tax Year
    1. 2021
    Water Source
    1. Public
    Year Built
    1. 1926
    1. Making A Difference In How You Live!