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Corner Retail & Office Building
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302 N Tower Ave, Centralia, WA 98531

Updated two-level building with an open showroom floor and second-level office suite.

Space Size4,500 SF
Days on Market56

Property Features for 302 N Tower Ave

General Information

Standard status Active
Size 4,500 SF
Property subtype RETAIL

Spaces For Lease

at 302 N Tower Ave Contact us

Historic Centralia Building

Size
4,500 SF
Type
RETAIL
Rate
Contact for pricing
Lease Type
OTHER
Availability
AVAILABLE
There are buildings that simply radiate charm and history. This is one of them. Proudly...
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Listing Agency: Compass Washington
Listed By: Chris Murphy · License #111144
Source: Moodyscre
Added: Jun 15 Changed: Aug 8 Last Checked: Aug 8 at 4:10PM

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 Compass Washington

Investment Insights

Based on property information with market context.

This stately brick corner building offers a slab-on-grade foundation and a distinctive legacy of its prior civic and financial use, including remaining elements of a bank vault. The interior includes an approximately 3,000 square feet open showroom floor complemented by an updated second level office with an en suite bath. For tenants seeking a more open, light-forward feel, the space features drop ceilings and metal clad window coverings that can be opened to help reveal extra-tall ceiling height and additional natural light.

The property sits at the corner of N Tower and E Magnolia along a tree-lined arterial in Downtown Centralia. As a corner storefront, it provides a prominent presence within the downtown context.

With its combination of a broad showroom level and a dedicated second-level office, the building can work well for retailers and other service-oriented operators who want customer-facing space on one floor and private office use above. The historic character, including the remaining vault elements, may also fit businesses looking for a unique, built-to-last setting that supports both day-to-day operations and client visits.

Key Highlights

  • Brick building on the corner of N Tower and E Magnolia in Downtown Centralia
  • Original City Hall later converted to a bank building with remaining elements of a bank vault
  • Slab on grade foundation

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store Pharmacy Parking Lot & Garage Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

84
Businesses Nearby

Demographics for 98531, WA

26,669
Population
11,070
Households
2.4
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
129.2 sq mi
ZIP Area
206
Density / Sq Mi
$61,963
Median Household Income
$37,330
Median Earnings
$1,068
Median Rent
$285,700
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Updated two-level building with an open showroom floor and second-level office suite.
Where is this retail space located?
The property is located at 302 N Tower Ave Centralia, WA.
What are key features of this property?
This property features: Brick building on the corner of N Tower and E Magnolia in Downtown Centralia; Original City Hall later converted to a bank building with remaining elements of a bank vault; Slab on grade foundation
(360) 918-6497 Call to check price and availability
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