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    109 Main St Elma, WA 98541

    For Sale
    $299,000

    Historic Elma Investment Opportunity: Multi-Use Property

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial property, located at 109 W Main Street in the heart of Elma, WA, presents a unique investment opportunity. Boasting a rich history as a family-owned building for over 35 years, this versatile property offers multiple income streams. The main floor currently houses a thriving hair salon and a contractor's office, providing immediate rental income. Above, a well-maintained one-bedroom, one-bathroom residential apartment adds another revenue source. The building has undergone significant updates throughout the years, including a newer roof, fresh interior and exterior paint, updated flooring, and modernized bathrooms. New light fixtures are also among the recent improvements. Adding to its appeal is a detached 576-square-foot garage, conveniently divided into two separate storage spaces, ideal for additional rental income or owner use. This prime location on Main Street ensures high visibility and accessibility, placing the property in the bustling center of Elma. The property is offered at $299,000 and is an excellent choice for those seeking a strong investment, particularly those considering a 1031 exchange. The combination of established tenants, recent renovations, and a desirable location makes this a truly compelling investment prospect.

    Property Features for 109 Main St

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1889
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elma
    County
    Grays Harbor
    State
    Washington
    Longitude
    -123.402
    Latitude
    47.00424

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Elma Investment Opportunity: Multi-Use Property
    Where is this commercial real estate located?
    The property is located at 109 Main St Elma, WA.
    What is the asking price?
    The asking price for this property is $299,000.
    (360) 373-2343
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    109 Main St Elma, WA 98541
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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
    109 Main St Elma, WA 98541
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