314 Academy StKelso, WA 98626

Property Details for 314 Academy St

Year built

1951

Property size (Sq ft)

4,000 SF

Property type

Office properties

Property subtype

Office buildings

APN

20121

APU

20121

Description

This exceptional commercial property, located at 314 Academy Street in the heart of downtown Kelso, Washington, presents a unique investment opportunity. The building offers a total of 8,000 square feet of space, strategically divided over two floors, maximizing functionality and potential. The ground floor encompasses approximately 4,000 square feet, featuring a spacious open work area ideal for various business types. Two private offices or conference rooms provide dedicated spaces for meetings and individual work, while a convenient kitchen adds to the practicality of the space. Abundant natural light floods the ground floor, creating a bright and welcoming atmosphere. The lower level, also approximately 4,000 square feet, offers a flexible layout with partially framed offices. This area presents a blank canvas for customization, allowing a new owner to tailor the space to their specific business needs and vision. The building's prime downtown location ensures high visibility and excellent signage opportunities, attracting significant foot traffic and enhancing brand recognition. The property's proximity to numerous amenities further enhances its appeal and convenience. This is a rare opportunity to acquire a substantial commercial building in a thriving downtown area, offering significant potential for growth and return on investment. The asking price is $498,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,098,640

  6.5%

  $1,014,129

  7%

  $941,691

• Comparable approach

  Method

  Valuation

  Relative Method

  $770,320

  Geo Method

  $770,320

• Alternative Use

  Use

  Valuation

  Residential

  $1,257,520

  Hospitality

  $1,151,882

  Educational

  $958,352

  Medical

  $991,311

  Retail

  $1,490,770

Location Insight

City

Kelso

County

Cowlitz

State

Washington

Latitude

46.1451

Longitude

-122.909

CBSA code

31020

CBSA name

LONGVIEW, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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