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    203 W Main St Elma, WA 98541

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    For Sale
    $799,000

    4357 SF building with parking and development potential.

    Property size:
    4,357 SF
    Lot size:
    0.38 Acres

    Property Features for 203 W Main St

    General Information

    Size
    4,357 SF
    Lot size
    0.38 Acres

    Source: Better Properties Real Estate Agent Mark Hulen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elma Retail Building with Parking

    This 4357 square foot building offers a development opportunity with a large parking lot. Located in Elma, Washington, the property benefits from new city zoning and density laws, potentially allowing construction up to 45 feet high. The building features a bar/seating area suitable for business expansion, along with two offices, ADA accessible bathrooms, and polished concrete floors. It also has two separate entrances. The current owner may lease back the property for 12 months. The property could be suitable for various business ventures or redevelopment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Elma
    County
    Grays Harbor
    State
    Washington
    Longitude
    -123.402192
    Latitude
    47.004341

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    FAQs

    What type of property is this?
    Storefront property - 4357 SF building with parking and development potential.
    Where is this storefront property located?
    The property is located at 203 W Main St Elma, WA.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: - Development opportunity: new zoning allows building up to 45' high.; - Large parking lot included.; - Building size of 4357 +/- SF.
    (253) 921-0887
    Request Owner's contact information
    203 W Main St Elma, WA 98541
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    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
    203 W Main St Elma, WA 98541
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