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1316 Harrison Ave

6,266 SF 100% Leased Industrial Building Centralia, WA 98531 $1,400,000 ($223/SF) 3.31% Cap Rate

Investment Highlights

  • Close to all restaurants and Outlet mall shopping
  • Close to the well traveled to Sports Hub/complex
  • Close to Hospital and all Care facilities
  • High traffic location

Executive Summary

Prime property ad prime location. Minutes to I-5, schools, sports hub, hospital, medical facilities and shopping. 2.61 +- acres and has nearly 300 sq.ft. of road frontage on Harrison
Ave. with high traffic count. Road improvements and sidewal ks are complete to give this property great curb appeal and added value. Zoned C-1 with endless opportunities, possible RV park. This property currently has a great income-producing history with 5 individual rental homes. What is not to love about this great investment? don't let this one pass you by. (Included properties are; 1306 Harrison Ave. 1310 Harrison Ave. and 315 Linda Lane.

Property Facts

Price $1,400,000
Price Per SF $223
Sale Type Investment
Cap Rate 3.31%
Property Type Industrial
Property Subtype Distribution
Lot Size 2.61 AC
Rentable Building Area 6,266 SF
No. Stories 1
Year Built 1955

Utilities

  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Electric

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
021077-000-000
Land Assessment
$506,400
Improvements Assessment
$145,000
Total Assessment
$651,400

zoning

Zoning Code C-1 (Commercial, Light Industrial, Retail, Professional Office Building, possible RV Park)
C-1 (Commercial, Light Industrial, Retail, Professional Office Building, possible RV Park)
  • Listing ID: 30497261

  • Date on Market: 1/2/2024

  • Last Updated:

  • Address: 1316 Harrison Ave, Centralia, WA 98531

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