Historic Commercial Building on Tower
108 Tower Centralia, WA 98531
108 Tower, Centralia, WA, 98531
$435,000
For Sale
$435,000
Versatile 1,800 sq ft commercial space in Centralia's heart.
Property Size1,800 SF
Price / SF$241.67
Days on Market181
Property Features for 108 Tower
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing agency
NORTHFORK REALTY
Listed by
JASON MEIERHOFER
Source
Corcoran
Added: Jan 21 Updated: Jul 10 at 3:47PM Checked: Jul 21 at 4:56AM
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 sq. ft. of flexible space suitable for retail, office, showroom, or a creative studio. It features classic storefront appeal with large display windows and direct street access. The interior presents 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. It is also located blocks from Centralia’s Amtrak station and major transit connections.
Key Highlights
- Prime location on North Tower Avenue, Centralia's main thoroughfare, offering high 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 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$549.0K
$480.4K – $640.5K
NOI $38,431 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
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 1,800 sq ft commercial space in Centralia's heart.
Where is this storefront property located?
The property is located at 108 Tower Centralia, WA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Prime location on North Tower Avenue, Centralia's main thoroughfare, offering high 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.
