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2917 Washington St

1,909 SF 100% Leased Retail Building Vancouver, WA 98660 $1,049,000 ($550/SF) 7.44% Cap Rate

Investment Highlights

  • Prime Location
  • New Roof
  • Private Parking
  • ADA Accessible

Executive Summary

RARE **Downtown Vancouver** is a meticulously remodeled stand-alone office building, ideally situated in the heart of downtown Vancouver, WA. This prime property boasts a spacious private parking lot, enhancing accessibility and convenience.
Having been completely renovated down to the studs, the building features industrial modern finishes. Professionally designed, ready to accommodate various business needs. Custom glass doors were in stalled throughout. Within the last 5 years it has had New Roof, Electrical, French drain, Mini Split, Kitchenette, Floors, Doors, and so much more. Owner Willing to Carry portion in 2nd position.
Spanning two floors, the structure offers a flexible layout that supports both single-company occupancy and sub-leasing options. The main floor is ADA accessible, and has 4 separate entrances, it provides an excellent opportunity for additional income through sub-leasing, making it an ideal investment opportunity or owner user. The layout boasts two conference rooms, two private offices (one with direct access to exterior), three private work areas, waiting area/open workspace, a kitchenette/lounge area, and dining area. Great for co-op work space.
Located right off Main Street in a thriving neighborhood giving the benefits of being a part of the community and just seconds away from thriving businesses and bustling. This property is perfectly positioned for easy access to local amenities, ensuring a premium professional environment. Don’t miss out on this unique opportunity to own prime piece of downtown Vancouver real estate. Owner willing to sell furniture. Tenant is month to month.

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
1,909 SF
Building Class
B
Year Built
1905
Price
$1,049,000
Price Per SF
$550
Cap Rate
7.44%
NOI
$78,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.34
Land Acres
0.13 AC
Zoning
R-9 - Commercial/Retail
Parking
5 Spaces (2.62 Spaces per 1,000 SF Leased)
Frontage
150 FT on Washington st

Amenities

  • 24 Hour Access
  • Bus Line
  • Signage
  • Wheelchair Accessible
  • Recessed Lighting
  • Air Conditioning
  • Smoke Detector

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Real Estate
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

They are an innovative Real Estate Brokerage who loves to crush it on a daily basis. Selling homes comes second to providing value. They are firm believers in valuing people over profit. Although they equally believe that winning is one of their top priorities. If you don't enjoy winning then this is probably not the right company. They are like a busy family, even in the midst of craziness they still find time to have fun. They have two locations in Downtown Portland, OR and Downtown Vancouver, WA. They are growing at a rapid pace, and are having fun in the process.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Real Estate 99,999 SF $9.99 Lorem Ipsum Jan 0000
Walk Score ®
Very Walkable (82)
Bike Score ®
Very Bikeable (83)
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

U.S. Bank
Yoga Six
Cyclebar
Starbucks
Black Rock Coffee Bar
Banner Bank
Chase Bank
First Republic Bank
Umpqua Bank
Black Angus Steakhouse

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
008600-000
Land Assessment
$121,400 (2024)
Improvements Assessment
$248,700 (2024)
Total Assessment
$370,100 (2024)
  • Listing ID: 31590625

  • Date on Market: 4/23/2024

  • Last Updated:

  • Address: 2917 Washington St, Vancouver, WA 98660

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