1152 Commerce Ave Longview, WA 98632-3025
- Retail space
- 5,156 SF
- 0.14 lot acres
Current Use by Public Records
- Gifted: Home Decor, Gifts & More / Gift Shop
Property Details for 1152 Commerce Ave
- Year built
- 1931
- Lot size
- 0.14 lot acres
- Property size
- 5,156 SF
- Property type
- Retail space
- APN
- 1593
- APU
- 1593
Description
This exceptional 5,600-square-foot storefront, located at 1152 Commerce Ave in the heart of Longview, Washington's downtown core, presents a compelling investment opportunity. Boasting a 7.20% cap rate and a price per square foot of $106.96, this multi-tenant property offers a strong return on investment. Situated on a 6,000-square-foot lot (APN 01593), the building benefits from high visibility thanks to recent exterior improvements including fresh paint and natural cedar siding. A major renovation in 2023 included significant tenant improvements, ensuring long-term lease stability. The property features a new roof, HVAC system, lighting, and electrical upgrades. Currently 100% occupied, this NNN-leased property is zoned DC | Downtown Core and was built in 1931. This is a turnkey investment ready for immediate income generation. Contact us today to schedule a private showing.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $135,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $110,000
- 6.5%
- $125,000
- 7%
- $120,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $140,000
- Geo Method
- $125,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $120,000
- Retail
- $140,000
- Mixed-Use
- $110,000
- Hospitality
- $110,000
- Educational
- $120,000
- Residential Income
- $135,000
- Energy
- $105,000
- Income-Based Land
- $120,000
- Food Service
- $105,000
Location Insight
- Map
- Local Demand
- City
- Longview
- County
- Cowlitz
- State
- Washington
- Longitude
- -122.935
- Latitude
- 46.1348
- CBSA code
- 31020
- CBSA name
- LONGVIEW, WA METROPOLITAN STATISTICAL AREA
