Fully Leased Retail
1221 17th Ave Longview, WA 98632
1221 17th Ave, Longview, WA, 98632
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For Sale
Contact for pricing
Retail building with five separate suites, fully leased to salon, massage, daycare, and barber tenants.
Property Size4,266 SF
Lot Size0.12 Acres
Price / SF$140.62
Days on Market153
Property Features for 1221 17th Ave
General Information
- Standard status
- Active
- Size
- 4,266 SF
- Lot size
- 0.12 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1958
Listing agency
John L Scott Real Estate - Longview
(360) 425-5815
Listed by
Diane Lokan · License #96432
Source
Crexi
Added: Feb 18 Updated: Jul 21 at 1:21PM Checked: Jul 21 at 1:21PM
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 John L Scott Real Estate - Longview
Investment Insights
Based on property information with market context.
This fully leased retail building is configured with five separate spaces, occupied by long-term tenants including a salon, massage therapist, daycare (two spaces), and a barber. The suites have had recent updates, supporting a maintained, move-in-ready tenant experience.
The property includes street parking and also benefits from the current owner leasing part of an adjacent parking lot. It is described as having a great downtown location, and the building is offered for sale as an investment opportunity.
The building totals 4,266 square feet, situated on a 5,401 square foot lot.
The property includes street parking and also benefits from the current owner leasing part of an adjacent parking lot. It is described as having a great downtown location, and the building is offered for sale as an investment opportunity.
The building totals 4,266 square feet, situated on a 5,401 square foot lot.
Key Highlights
- Fully leased retail building built in 1958
- 5 separate retail spaces with long‑term tenants including a salon, massage therapist, two daycare spaces, and a barber
- Building size is 4,266 SF on a 5,401 SF lot
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 | $76.8k | $18.00 |
| − Vacancy | −$3.2k | −$0.76 |
| EGI | $73.6k | $17.24 |
| − OpEx | −$22.1k | −$5.17 |
| NOI | $51.5k | $12.07 |
4,266 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$735.6K
$643.7K – $858.2K
NOI $51,494 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,387 @ 7.0% cap · market cap 16.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Twisted Sisters Hair ...
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail building with five separate suites, fully leased to salon, massage, daycare, and barber tenants.
Where is this retail space located?
The property is located at 1221 17th Ave Longview, WA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Fully leased retail building built in 1958; 5 separate retail spaces with long‑term tenants including a salon, massage therapist, two daycare spaces, and a barber; Building size is 4,266 SF on a 5,401 SF lot
