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    1611 Kresky Ave Centralia, WA 98531

    For Sale
    $1,950,000

    Four-unit medical office building, great ROI.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional one-level professional center, situated on a high-visibility main corridor in Centralia, WA, presents a compelling investment opportunity. The property consists of four units currently leased to established healthcare businesses, boasting a history of long-term tenancy. Leases are structured as modified net, with operating expenses passed through to tenants, simplifying management. The owner diligently maintains the landscaping, ensuring a consistently attractive property. Ample parking is available, and the property offers significant potential for expansion with an existing pad site. The building is exceptionally well-maintained, reflecting the pride of ownership demonstrated by both the tenants and the original owner, who is now seeking retirement. This property benefits from its location in a growing area experiencing increased traffic counts. A significant advantage for potential buyers is the seller's willingness to provide financing, making this an even more attractive investment opportunity. The asking price is $1,950,000. The property sits on a 0-acre lot. This is a rare chance to acquire a stable, income-producing asset in a thriving market.

    Property Features for 1611 Kresky Ave

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1980
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Centralia
    County
    Lewis
    State
    Washington
    Longitude
    -122.9551
    Latitude
    46.69753

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    FAQs

    What type of property is this?
    Commercial real estate - Four-unit medical office building, great ROI.
    Where is this commercial real estate located?
    The property is located at 1611 Kresky Ave Centralia, WA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    (360) 748-8619
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1611 Kresky Ave Centralia, WA 98531
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