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    155 Elm St Kalama, WA 98625

    Sponsored
    For Sale
    $780,000

    12,388 SF, Value-Add Opportunity

    Property size:
    12,388 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Discover One55Elm, a captivating 12,388 square foot mixed-use property nestled in Kalama, Washington. This historic building, originally constructed in 1923, boasts a rich history and unique architectural charm, featuring solid stone and brick construction. Currently configured with two main event halls, a community room, a kitchen, a master suite ideal for short-term rentals, an expansive loft with two additional suites, and a spacious basement with a shop and several versatile rooms, this three-story building presents a remarkable value-add investment opportunity. The 0.16-acre lot is zoned Commercial, with R02 and PSO overlays, allowing for 74 approved legal uses, providing exceptional flexibility for creative redevelopment. The property's substantial size, combined with its versatile layout and prime location in Cowlitz County, makes it an exceptional prospect for a wide range of commercial ventures. The asking price is $780,000, translating to approximately $62.96 per square foot. This is a rare chance to acquire a piece of Kalama's history and shape its future. The 10,474 square feet of net rentable space offers ample room for customization and expansion. Don't miss this chance to own a truly unique and versatile property.

    Property Features for 155 Elm St

    General Information

    Property type
    Multifamily properties
    Square Feet
    12,388 SF
    Class
    C
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1923
    Buildings
    1
    Stories
    3

    HighLights

    • $780,000 asking price for a 12,388 square foot mixed‑use building.
    • 12,388 square feet building on a 0.16‑acre lot.
    • $62.96 per square foot.
    • Built in 1923.
    • C‑1 Commercial zoning with R02 and PSO overlays, allowing for 74 approved uses.
    • Located in Kalama, Cowlitz County, Southwest Washington.
    Property Profile Location Intelligence

    Current Use by Public Records

    one55elm Event Venue

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Nail Salon Clothing Store Auto Repair Shop Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Kalama
    County
    Cowlitz
    State
    Washington
    Longitude
    -122.84375769
    Latitude
    46.00777262

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    FAQs

    What type of property is this?
    Multifamily property - 12,388 SF, Value-Add Opportunity
    Where is this multifamily property located?
    The property is located at 155 Elm St Kalama, WA.
    What is the asking price?
    The asking price for this property is $780,000.
    What are key features of this property?
    This property features: $780,000 asking price for a 12,388 square foot mixed-use building.; 12,388 square feet building on a 0.16-acre lot.; $62.96 per square foot.
    Request Owner's contact information
    155 Elm St Kalama, WA 98625
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    Kalama, WA 98625
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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
    155 Elm St Kalama, WA 98625
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