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    301 South St Centralia, WA 98531

    Sponsored
    For Sale
    $750,000

    Established Mobile Home Park with Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional investment opportunity presents a well-established 55+ mobile home park located at 301 South Street, Centralia, WA, priced at $750,000. The park currently boasts 11 pad sites, with 9 currently occupied and generating rental income. Two additional sites are vacant, presenting immediate potential for increased revenue. A detached shop, previously used as a studio apartment, is currently vacant and could be repurposed or removed to create another rental pad. A significant gap in the park, where a house once stood, also offers the possibility of adding more rental spaces, significantly increasing the park's income potential. The property also includes a separately rented house, adding to the overall income stream. Tenants are responsible for their own mobile homes, with the park collecting space rent. This property offers a strong existing cash flow with significant upside potential for expansion and increased profitability. The location in Centralia, WA provides a stable market for this type of investment. This is a rare opportunity to acquire a well-maintained mobile home park with immediate income and substantial room for growth. The property is being sold as-is. Serious inquiries only.

    Property Features for 301 South St

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Centralia
    County
    Lewis
    State
    Washington
    Longitude
    -122.9625
    Latitude
    46.70432

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    FAQs

    What type of property is this?
    Commercial real estate - Established Mobile Home Park with Potential
    Where is this commercial real estate located?
    The property is located at 301 South St Centralia, WA.
    What is the asking price?
    The asking price for this property is $750,000.
    (253) 256-1721
    Request Owner's contact information
    301 South St Centralia, WA 98531
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    Centralia, WA 98531
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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
    301 South St Centralia, WA 98531
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