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1008-1070 14th Ave

10,000 SF 100% Leased Retail Building Longview, WA 98632 $1,500,000 ($150/SF) 6.95% Cap Rate

Investment Highlights

  • Great Upside
  • Established Location

Executive Summary

Long established retail building now available for sale! This building is one third of 14th Avenue Plaza features approx. 10,000 SF spread over 7 total spaces, has a large parking lot, and shared parking easement great locations for excellent signage and visibility. This property is offered at a 6.9% CAP Rate with great potential upside. This building has had historically low vacancy and potential for rent increases upon lease renewals. This would make an excellent addition to your portfolio, so call today to get more information on this property. Potential to buy the whole plaza.

Property Facts

Sale Type
Investment NNN
Sale Condition
Deferred Maintenance
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,000 SF
Building Class
C
Year Built
1979
Price
$1,500,000
Price Per SF
$150
Cap Rate
6.95%
NOI
$104,250
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.46
Land Acres
0.50 AC
Zoning
C02 - Office and Commercial Zone
Parking
119 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
200 FT on 14th Avenue

Amenities

  • Bus Line
  • Signage
Walk Score ®
Walker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Safeway
Curves
CrossFit
The YMCA
Heritage Bank
Dutch Bros
KeyBank
WW
Bank of America
Umpqua Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0-1603
  • 0-160501
  • 0-1609
Land Assessment
$432,000
Improvements Assessment
$2,521,900
Total Assessment
$2,953,900
  • Listing ID: 33428063

  • Date on Market: 10/5/2024

  • Last Updated:

  • Address: 1008-1070 14th Ave, Longview, WA 98632

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