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Under Contract6 Days
$1,100,000

1237 Commerce Ave
Longview, WA 98632

Commercial For Sale
0.25 Acre Lot
    • 1of20
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    Woodford CRE

    Provided by Northwest Multiple Listing Service, 2024.

    Description for 1237 Commerce Ave, Longview, WA 98632

    For Sale> Cowlitz> Longview> 98632

    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.

    Property Details

    Listing Details
    Under Contract
    Commercial
    Commercial Industrial
    None
    For Sale
    NWM2293194
    $1,100,000
    11/14/2024
    1926
    Single Family
    Average
    NWM59546
    Location Information
    US
    WA
    Cowlitz
    Longview
    98632
    Commerce Ave
    1237
    Longview
    W123° 3' 53.6''
    N46° 8' 10.9''
    1237 Commerce Ave , Longview, WA 98632
    404 - Westside
    Yes
    Garage/Parking
    No
    No
    Interior Features
    Carpet,Laminate,Hardwood,Vinyl Plank
    Hardwood,Wall To Wall Carpet,Laminate
    Exterior Features
    No
    No
    Brick,Cement/concrete
    Torch Down
    WaterFront and WaterAccess
    No
    Land Info
    0.25 Acre
    Nw
    00540
    Monthly
    Utilities
    Wall Unit(s)
    Sewer Connected
    HOA Info
    Monthly
    4
    No
    Rental Info
    Monthly
    Tax Info
    $5,440
    2021
    Listing Information
    Woodford CRE
    Chris Roewe
    15
    NWM181
    Nwmls
    $1,100,000
    11/13/2024 20:16:33
    Commercial Industrial
    Poured Concrete
    Unspecified
    Public

    Price History

    Source: MLS
    DateEventPriceSource
    2024-11-14Under Contract$1,100,000MLS
    Get Price Alert

    Walk Score

    Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

    Walk Score

    4

    Bike Score

    7

    Transit Score

    3

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