209 1St Ave Ilwaco, WA 98624
This exceptional redevelopment opportunity presents a unique chance to acquire a prominent property in downtown Ilwaco, Washington. Situated on a 0.32-acre lot at 209 First Ave S, zip code 98624, this property boasts a rich history as the location of the famed "Sea Hag" bar. While the original bar fixtures have been removed, the substantial building remains, offering approximately 5,000 square feet of space previously used as a bar and storage area. In addition to this, there's a three-bay shop, also totaling approximately 5,000 square feet, providing ample space for various commercial uses. The property also includes a residential apartment, adding to its versatility. Built in 1930, this property presents a blank canvas for a creative entrepreneur or developer. The asking price is $575,000. This prime location in Ilwaco, Pacific County, offers significant potential for a variety of commercial ventures, capitalizing on the town's vibrant atmosphere and tourist traffic. The substantial square footage and inclusion of a residential unit make this a truly unique and attractive investment. Don't miss this chance to shape the future of a historic Ilwaco landmark.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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