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Commercial Property Near I-5

1257 S Yew Street, Centralia, WA 98531

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For Sale

$380,000

C1 zoned property ideal for office, clinic, or retail.

Type:General Commercial

Property size:

1,840 SF

Price / SF:

$206/SF

HighLights

C1 zoning ideal for office, clinic, or retail use
New roof, siding, and exterior paint
Approved septic system for 6 employees and 3 restrooms (2 downstairs ADA compliant)
Building permits approved after 1.5 years, plans on‑site
New power pole installed and paid for by seller
Located near I‑5 and the new Winco Foods site at Exit 81

We can help!

Listing Contact

Robert McCarthy

Learn more

For Sale

$380,000

C1 zoned property ideal for office, clinic, or retail.

Type:General Commercial

Property size:

1,840 SF

Price / SF:

$206/SF

Added:: Oct 6, 2024
Days on Market:: 617
Last Refresh:: May 13 at 8:44 pm

Property Features for 1257 S Yew Street

General Information

Standard status: Active
Size: 1,840 SF
Property subtype: General Commercial

Building Details

Year Built: 1930

We can help!

Listing Contact

Robert McCarthy

Listing agent Robert McCarthy

Listing office Better Homes and Gardens RE PC

Listing date Oct 6, 2024

Source Xome

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 Better Homes and Gardens RE PC

HighLights

C1 zoning ideal for office, clinic, or retail use
New roof, siding, and exterior paint
Approved septic system for 6 employees and 3 restrooms (2 downstairs ADA compliant)
Building permits approved after 1.5 years, plans on‑site
New power pole installed and paid for by seller
Located near I‑5 and the new Winco Foods site at Exit 81

Overview

This property, formerly residential and now C1 zoned, borders I-5 and is located just south of the new Winco Foods site at Exit 81. The 1,840 square foot, two-story structure is suitable for office, clinic, or retail use. The building has a new roof, siding, and exterior paint. The lot is cleared, and there is an approved septic system for six employees. The interior layout includes three offices downstairs and two upstairs, along with a lunchroom/break area downstairs and three restrooms, two of which will be ADA compliant. All plumbing and electrical systems have been roughed in. Building permits, which took one and a half years to complete and were approved, are available on-site. An electrical permit has not been completed, but a new power pole has been installed by the city and paid for by the seller. According to Lewis County, the foundation must be increased by 43 inches, with plans available on-site.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$50.6k	$27.48
− Vacancy	−$11.1k	−$6.05
EGI	$39.4k	$21.43
− OpEx	−$9.9k	−$5.36
NOI	$29.6k	$16.08

1,840 SF · lease $27.48/SF/yr · vacancy 22.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$422.6K

$369.7K – $493.0K (±1% cap)

NOI $29,579 @ 7.0% cap · market cap 7.78%

Second Best

Retail

$339.8K

$297.3K – $396.4K (±1% cap)

NOI $23,786 @ 7.0% cap · market cap 6.26%

Theoretical Best

Office A

$561.2K

$491.1K – $654.8K (±1% cap)

NOI $39,285 @ 7.0% cap · market cap 10.34%

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

Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Centralia
County: Lewis
State: Washington
Longitude: -122.970459
Latitude: 46.710521

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For sale
Commercial land
WA
Centralia
98531
1257 S Yew Street

What type of property is this?

Commercial land - C1 zoned property ideal for office, clinic, or retail.

Where is this commercial land located?

The property is located at 1257 S Yew Street Centralia, WA.

What is the asking price?

The asking price for this property is $380,000.

What are key features of this property?

This property features: C1 zoning ideal for office, clinic, or retail use; New roof, siding, and exterior paint; Approved septic system for 6 employees and 3 restrooms (2 downstairs ADA compliant)