Mixed-Use Corner Development
For Sale
$950,000
45 Tolt Ave, Carnation, WA 98014
Permit-ready mixed-use building with retail, office space, and apartments plus on-site parking for multiple revenue streams.
Property Size11,455 SF
Lot Size0.35 Acres
Price / SF$82.93
Days on Market448
Property Features for 45 Tolt Ave
General Information
Standard status
Active
Size
11,455 SF
Total Parking Spaces
8
Lot size
0.35 Acres
Property subtype
Land
Units
Multifamily Units
3
Office Units
3
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,130
Amenities
No
15-17
Alley,Corner Lot,Curbs,Paved,Sidewalk
Available,In Street,On Property
133x110x67x100
0.2052
Paved
County
Building Details
Stories
3
Tenancy
Multi
Listing Agency:
eXp Realty
(503) 780-7342
Listed By:
Amin Allison
(503) 780-7342
Source:
Premierepropertygroup
Added: May 30, 2025
Changed: Aug 19
Last Checked: Aug 20 at 4:31AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This permit-ready mixed-use development sits on a corner lot and is designed with a three-part vertical layout. The main floor provides two large retail spaces sized 1,175 and 1,295 sq ft. The middle floor is configured for office use with three large office spaces of 1,378, 1,566, and 2,575 sq ft, supported by a center corridor with common baths and an elevator. The top floor includes three apartments sized 821, 1,237, and 1,408 sq ft. The building is planned for a 40-foot height and includes eight parking stalls. Site civil work is complete, with the property ready to pull permits and begin construction.
The project is positioned on a corner lot with 113 feet of Tolt frontage in Carnation’s central business district. The asset is described as having prime visibility in the area, which may support foot traffic and drive-by exposure for ground-floor retail. The surrounding context is noted as a growing town with hundreds of new homes under construction, creating demand for new services and business options.
For tenants and owner-operators, the building’s mix of retail, office, and residential units can accommodate multiple operating models within one structure. With elevator service and common corridor amenities for the office level, the plan is set up for straightforward tenant layouts. The inclusion of on-site parking can also support day-to-day access for customers, employees, and residents.
The project is positioned on a corner lot with 113 feet of Tolt frontage in Carnation’s central business district. The asset is described as having prime visibility in the area, which may support foot traffic and drive-by exposure for ground-floor retail. The surrounding context is noted as a growing town with hundreds of new homes under construction, creating demand for new services and business options.
For tenants and owner-operators, the building’s mix of retail, office, and residential units can accommodate multiple operating models within one structure. With elevator service and common corridor amenities for the office level, the plan is set up for straightforward tenant layouts. The inclusion of on-site parking can also support day-to-day access for customers, employees, and residents.
Key Highlights
- Permit‑ready mixed‑use project on a corner lot in central Carnation business district
- Planned 2 retail spaces: 1,175 SF and 1,295 SF on the main floor
- Planned office level with 3 spaces: 1,378 SF, 1,566 SF, and 2,575 SF, plus center corridor with common baths and elevator
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
3
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Explore this area
Business Placement
Demographics for 98014, WA
7,651
Population
2,858
Households
2.7
Avg Household Size
43
Median Age
48%
College-Educated
95%
High-School Grad
87.2 sq mi
ZIP Area
88
Density / Sq Mi
$157,680
Median Household Income
$71,824
Median Earnings
$1,740
Median Rent
$849,500
Median Home Value
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Permit-ready mixed-use building with retail, office space, and apartments plus on-site parking for multiple revenue streams.
Where is this mixed-use property located?
The property is located at 45 Tolt Ave Carnation, WA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Permit‑ready mixed‑use project on a corner lot in central Carnation business district; Planned 2 retail spaces: 1,175 SF and 1,295 SF on the main floor; Planned office level with 3 spaces: 1,378 SF, 1,566 SF, and 2,575 SF, plus center corridor with common baths and elevator
