155 Elm StKalama, WA 98625

Property Details for 155 Elm St

Year built

1923

Lot size

0.16 AC

Property size (Sq ft)

6,208 SF

Property type

Retail properties

Property subtype

Retail space

APN

40009

APU

40009

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,506,481

  6.5%

  $2,313,675

  7%

  $2,148,412

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,012,752

  Geo Method

  $3,012,752

• Alternative Use

  Use

  Valuation

  Residential

  $1,951,671

  Hospitality

  $1,787,720

  Educational

  $1,487,362

  Medical

  $1,538,515

  Retail

  $2,313,675

Location Insight

City

Kalama

County

Cowlitz

State

Washington

Latitude

46.0076

Longitude

-122.843

CBSA code

31020

CBSA name

LONGVIEW, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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