201 124Th AveVancouver, WA 98684

Property Details for 201 124Th Ave

Year built

2010

Construction

WOOD

Lot size

0.37 AC

Property size (Sq ft)

6,688 SF

Zone code

CC : VAN

Property type

Healthcare properties

Property subtype

Medical offices

APN

110286-176

APU

110286176

Description

This exceptional investment opportunity presents a 7,784 square foot retail property located at 201 SE 124th Avenue in Vancouver, Washington, 98684. The Class B building sits on a 0.37-acre lot and features six units, each approximately 3,344 square feet. The property boasts ample parking with 22 spaces, providing a convenient 4.2 spaces per 1,000 square feet of leased space. Currently 100% leased, this multi-tenant building is zoned C3, offering flexibility for various commercial uses. Its strategic location in a rapidly growing area of Vancouver provides easy access to major transportation routes, retail centers, and dining options. The property's proximity to Cascade Station, Portland International Airport, and the Columbia River Gorge further enhances its appeal. This investment presents a strong opportunity to capitalize on the thriving Vancouver market. The asking price is $2,500,000. Please note: Do not disturb tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $1,836,926

  6.5%

  $1,695,624

  7%

  $1,574,508

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,287,975

  Geo Method

  $1,287,975

• Alternative Use

  Use

  Valuation

  Residential

  $2,102,574

  Hospitality

  $1,925,946

  Educational

  $1,602,365

  Medical

  $1,657,472

  Retail

  $2,492,568

Location Insight

City

Vancouver

County

Clark

State

Washington

Latitude

45.6203

Longitude

-122.545

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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