5708 Ocean Beach Hwy Longview, WA 98632
- Retail space
- 4,230 SF
- 3.80 lot acres
Current Use by Public Records
- Unlimited Treasures LLC / Second Hand Store
Property Details for 5708 Ocean Beach Hwy
- Year built
- 1981
- Lot size
- 3.80 lot acres
- Property size
- 4,230 SF
- Property type
- Retail space
- APN
- 10607
- APU
- 10607
Description
This exceptional commercial investment opportunity in West Longview boasts two buildings on a 3.8-acre lot with 250 feet of high-traffic Ocean Beach Highway frontage. The property includes a 3,360 square foot commercial building currently leased to an antique store and a 2,940 square foot commercial/residential building with a shop, also occupied by tenants on a mix of long-term and month-to-month leases. The expansive lot offers ample space for commercial, RV, and boat parking, with 25 new parking spaces available for lease at $75 per month, providing additional income potential. The property's prime location and substantial road frontage make it ideal for a variety of commercial uses, presenting significant opportunities for future development. Current tenants provide a stable income stream, making this a compelling investment for those seeking a strong return. The property's versatility allows for continued operation under the current lease agreements or redevelopment to suit a buyer's vision. This is a rare chance to acquire a well-situated, income-generating property with significant upside potential in a thriving area. The existing infrastructure and ample parking provide immediate value, while the expansive lot allows for future expansion or redevelopment.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Longview
- County
- Cowlitz
- State
- Washington
- Longitude
- -123.017
- Latitude
- 46.1734
- CBSA code
- 31020
- CBSA name
- LONGVIEW, WA METROPOLITAN STATISTICAL AREA
