405 Main St Coulee City, WA 99115
- Retail properties
- 5,016 SF
Current Use by Public Records
- Retail properties
Property Details for 405 Main St
- Property size
- 5,016 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional mixed-use property at 405 West Main Street, Coulee City, WA 99115, presents a rare investment opportunity. The 5,016 square foot building sits on a 3,872 square foot lot (APN: 070276000) and boasts a 6.50% cap rate with 100% occupancy across four tenants. Originally constructed well over 100 years ago and fully remodeled in 1985 (including plumbing, electrical, and walls), this two-story building has a new roof (installed 12 years ago). Its prime location on Main Street, in a popular vacation destination near Banks Lake, ensures consistent demand. The building's rich history includes uses as a movie theatre, bakery, deli, grocery store, library, and more. Currently, the tenants include a mix of storefront and office spaces. One tenant occupies a fitness center, which historically generated over $1,500 in monthly income but is currently rented for $300/month, offering significant rental upside. The property benefits from low electricity costs in Grant County, Washington. This is a chance to acquire a well-maintained, historically significant property with a proven track record of success and substantial potential for future growth. The asking price is $165,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Coulee City
- County
- Grant
- State
- Washington
- Longitude
- -119.293
- Latitude
- 47.6109
