108 Rainier St Waterville, WA 98858
This unique 0.4-acre property in Waterville, WA, presents a rare opportunity to own a piece of local history. Originally constructed in 1910 as the town's railroad depot, this charming building has recently served as a residential property, but its Central Business zoning unlocks exciting commercial possibilities. Situated at 108 S Rainier Street, the property boasts a spacious 21'x30' attached two-car garage, offering ample storage or workshop space. Recent renovations include two completely finished bathrooms, a new electrical service panel ready for EV charging, updated Pex plumbing and ABS drains, and fresh exterior paint. The property's location offers easy access to the amenities of Waterville, including a K-12 school, airport, clinic, and a nearby ski hill. Its proximity to larger towns like Wenatchee, Chelan, and Leavenworth makes it an ideal location for a business catering to both locals and tourists. The ample land provides space for expansion, outdoor seating, or even a garden. This versatile property is perfect for a variety of commercial ventures, such as a coffee shop or other local business, offering a blend of historical charm and modern updates. The asking price is $375,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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