121 High St Centralia, WA 98531-2123

Property Details for 121 High St

Year built

1955

Construction

WOOD

Lot size

0.29 lot acres

Property size

954 SF

Property type

Office Properties & Spaces

APN

3416103001

APU

3416103001

Description

This exceptional investment opportunity presents a substantial 41,000 square foot property situated on three separate parcels totaling 0.96 acres at 121 E High Street in Centralia, WA. The property boasts a prime location, conveniently situated near I-5 Exit #82, serving as a gateway to the city. The main asset is a large commercial building currently housing four rented spaces, with one additional space available for immediate lease-up. Current rental income is significantly below market value, presenting a substantial opportunity for increased profitability. The property also includes a 2,721 square foot residential home in fair condition, featuring three bedrooms, one and three-quarter bathrooms, a large stone fireplace, and two additional office rooms. A double garage completes the residential component. Ample parking is provided with over 20 spaces. This property has been privately held since the 1980s and represents a rare chance to acquire a well-established, income-generating asset with significant upside potential. The asking price is $1,200,000. Note that two adjacent parcels totaling 5+ acres of C2 commercially zoned land are also available for purchase separately. This presents a unique opportunity to expand the property footprint significantly.

Location Insight

City

Centralia

County

Lewis

State

Washington

Longitude

-122.974

Latitude

46.7264

CBSA code

16500

CBSA name

CENTRALIA, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments