1225 Mellen StCentralia, WA 98531

Property Details for 1225 Mellen St

Lot size

1.03 AC

Property type

Hospitality properties

Property subtype

Hotels

APN

2246001000

APU

2246001000

Description

This exceptional retail property, located at 1225 Mellen St, Centralia, WA 98531, presents a unique investment opportunity. Situated on a 3.57-acre lot in the CBA Centralia submarket of Lewis County, this site boasts a total building area of 8,589 square feet, currently entirely vacant and ready for immediate occupancy. The property is zoned GCD and offers flexible space options, with a minimum divisible space of 2,764 square feet and a maximum contiguous space of 5,825 square feet, making it ideal for multiple tenants or a single large-scale operation. Centralia's strategic location on Interstate 5, the West Coast's major trade corridor, between Portland and Seattle, positions this property for significant success. The city's robust population of over 17,000 residents, coupled with its proximity to major transportation hubs including Seattle and Portland International Airports and the Port of Grays Harbor, ensures excellent accessibility for both businesses and customers. Companies are drawn to Centralia for its high quality of life, favorable business environment, and workforce development programs. This prime retail location offers unparalleled potential for growth and profitability. Don't miss this chance to establish your business in a thriving community with exceptional access and visibility.

• CAP approach

  CAP return

  Valuation

  6%

  $13,790,289

  6.5%

  $12,729,498

  7%

  $11,820,248

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,274,524

  Geo Method

  $20,305,144

• Alternative Use

  Use

  Valuation

  Residential

  $13,896,913

  Hospitality

  $12,729,498

  Educational

  $10,590,793

  Medical

  $10,955,026

  Retail

  $16,474,567

Location Insight

City

Centralia

County

Lewis

State

Washington

Latitude

46.7129

Longitude

-122.973

CBSA code

16500

CBSA name

CENTRALIA, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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