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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

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.
More about this property
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