Bought with Woodford CRE
$1,000,000
$1,050,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
1209 Commerce AVE Longview, WA 98632
Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Longview
MLS Listing ID 1479188
Sold Date 09/26/19
Style 61 - Comm Bldg Ovr 10K
Year Built 1929
Annual Tax Amount $8,381
Property Description
Rare find in this mixed use building in the heart of Longview. These side-by-side buildings consist of 3 commercial spaces on the ground floor and 13 apts above ranging in size from studio to 2 bed 1 bath. Great upside in rents with a 8.5% proforma CAP Rate & 13% rate of return. This would make an excellent addition to your portfolio and/or a great opportunity for an owner user. There is street parking in front along Commerce as well as a public parking lot in the rear of the building.
Location
State WA
County Cowlitz
Area 401 - West Kelso
Interior
Interior Features Ceramic Tile, Concrete, Wall to Wall Carpet
Flooring Ceramic Tile, Concrete, Carpet
Fireplace false
Exterior
Exterior Feature Cement/Concrete
Utilities Available Sewer Connected, Electric, Natural Gas Connected
Roof Type Torch Down
Building
Sewer Sewer Connected
Water Public
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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Jonathan Pearlstein
Global Real Estate Advisor / Designated Broker | License ID: 17157