Historic Commercial Building on Tower
108 N Tower Avenue Centralia, WA 98531
108 N Tower Avenue, Centralia, WA, 98531
$425,000
For Sale
$425,000
Versatile commercial space in Centralia's vibrant downtown area.
Property Size1,800 SF
Lot Size0.04 Acres
Price / SF$236.11
Days on Market182
Property Features for 108 N Tower Avenue
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Lot size
- 0.04 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing agency
NORTHFORK REALTY
(360) 701-1652
Listed by
JAY MEIERHOFER
Source
Corcoran
Added: Jan 20 Updated: Jul 10 at 3:46PM Checked: Jul 21 at 4:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NORTHFORK REALTY
Investment Insights
Based on property information with market context.
This historic commercial building is located on North Tower Avenue in Centralia, a main thoroughfare with pedestrian traffic and visibility. The property offers 1,800 square feet of flexible space suitable for retail, office, showroom, or creative studio purposes. It features classic storefront appeal with large display windows and direct street access. The interior provides an open, adaptable floorplan with room for tenant improvements. The location is within walking distance of restaurants, shops, entertainment, and the historic district, benefiting from a downtown presence and future growth potential. The property is located blocks from Centralia’s Amtrak station and major transit connections, making it an opportunity for investors, owner-occupiers, or developers looking to capitalize on a high-traffic commercial node.
Key Highlights
- Prime location on North Tower Avenue, Centralia's main thoroughfare, offering excellent pedestrian traffic and visibility.
- Versatile 1,800 sq. ft. of flexible space suitable for retail, office, showroom, or creative studio.
- Classic storefront appeal with large display windows and direct street access.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.1k | $18.96 |
| − Vacancy | −$887 | −$0.49 |
| EGI | $33.2k | $18.47 |
| − OpEx | −$10.0k | −$5.54 |
| NOI | $23.3k | $12.93 |
1,800 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$332.4K
$290.9K – $387.8K
NOI $23,268 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$549.0K
$480.4K – $640.5K
NOI $38,431 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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Similar Off Market Nearby
- Fern Ridge Floral & Design — 107 W Main St, Centralia, WA 98531
FAQs
What type of property is this?
Storefront property - Versatile commercial space in Centralia's vibrant downtown area.
Where is this storefront property located?
The property is located at 108 N Tower Avenue Centralia, WA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Prime location on North Tower Avenue, Centralia's main thoroughfare, offering excellent pedestrian traffic and visibility.; Versatile 1,800 sq. ft. of flexible space suitable for retail, office, showroom, or creative studio.; **Classic storefront appeal with large display windows and direct street access.**
