1611 Kresky AveCentralia, WA 98531
- Office properties
- 9,824 SF
Property Details for 1611 Kresky Ave
- Year built
- 1980
- Construction
- WOOD
- Lot size
- 1.12 AC
- Property size (Sq ft)
- 9,824 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 3417048100
- APU
- 3417048100
Description
This exceptional one-level professional center, situated on a high-visibility main corridor in Centralia, WA, presents a compelling investment opportunity. The property consists of four units currently leased to established healthcare businesses, boasting a history of long-term tenancy. Leases are structured as modified net, with operating expenses passed through to tenants, simplifying management. The owner diligently maintains the landscaping, ensuring a consistently attractive property. Ample parking is available, and the property offers significant potential for expansion with an existing pad site. The building is exceptionally well-maintained, reflecting the pride of ownership demonstrated by both the tenants and the original owner, who is now seeking retirement. This property benefits from its location in a growing area experiencing increased traffic counts. A significant advantage for potential buyers is the seller's willingness to provide financing, making this an even more attractive investment opportunity. The asking price is $1,950,000. The property sits on a 0-acre lot. This is a rare chance to acquire a stable, income-producing asset in a thriving market.
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,658,398
- 6.5%
- $2,453,906
- 7%
- $2,278,627
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,634,443
- Geo Method
- $1,891,906
-
Alternative Use
- Use
- Valuation
- Residential
- $3,042,844
- Hospitality
- $2,787,229
- Educational
- $2,318,942
- Medical
- $2,398,694
- Retail
- $3,607,242
Location Insight
- City
- Centralia
- County
- Lewis
- State
- Washington
- Latitude
- 46.6974
- Longitude
- -122.955
- CBSA code
- 16500
- CBSA name
- CENTRALIA, WA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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