1220 Main StVancouver, WA 98660

Property Details for 1220 Main St

Year built

1972

Construction

CONCRETE

Lot size

0.69 AC

Property size (Sq ft)

56,518 SF

Zone code

CX : VAN

Property type

Office properties

Property subtype

Other office properties

APN

051600-000

APU

51600000

Description

1220 Main Street in Vancouver, Washington offers a prime opportunity for businesses seeking Class A office space. This five-story building, totaling 65,000 square feet, boasts a desirable downtown location surrounded by a vibrant mix of retailers and restaurants. Built in 1979 and renovated in 1991, the property features recently updated common areas, including modern elevators, restrooms, a new HVAC system, and energy-efficient lighting. The building offers ample parking with 60 spaces available for tenants. Individual suites are available, with a minimum divisible space of 750 square feet and a maximum contiguous space of 4,835 square feet. Currently, 5,585 square feet of vacant space is immediately available. The building's high ceilings, measuring 10 feet, provide a spacious and comfortable work environment. Its convenient location offers easy access to amenities and is just 15 minutes from downtown Portland, Oregon, making it an ideal location for businesses seeking a blend of urban convenience and accessibility. The property is classified as Class A and is situated in Clark County, Washington, with the address being 1220 Main Street, Vancouver, WA 98660. Multiple tenancy options are available.

• CAP approach

  CAP return

  Valuation

  6%

  $15,523,234

  6.5%

  $14,329,139

  7%

  $13,305,629

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,884,236

  Geo Method

  $10,884,236

• Alternative Use

  Use

  Valuation

  Residential

  $17,768,132

  Hospitality

  $16,275,514

  Educational

  $13,541,036

  Medical

  $14,006,733

  Retail

  $21,063,834

Location Insight

City

Vancouver

County

Clark

State

Washington

Latitude

45.6307

Longitude

-122.672

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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