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Property profile & analytics
FOR SALE
Hotels

1225 Mellen St Centralia, WA 98531-1175

1.03 ac lot
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US90-2540682
No photos on file
For Sale
Contact for pricing
1225 Mellen St, Centralia, WA 98531-1175
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Property summary
AI-generated overview

This exceptional retail property, located at 1225 Mellen St, Centralia, WA 98531, presents a unique investment opportunity. Situated on a 3.57-acre lot in the CBA Centralia submarket of Lewis County, this site boasts a total building area of 8,589 square feet, currently entirely vacant and ready for immediate occupancy. The property is zoned GCD and offers flexible space options, with a minimum divisible space of 2,764 square feet and a maximum contiguous space of 5,825 square feet, making it ideal for multiple tenants or a single large-scale operation. Centralia's strategic location on Interstate 5, the West Coast's major trade corridor, between Portland and Seattle, positions this property for significant success. The city's robust population of over 17,000 residents, coupled with its proximity to major transportation hubs including Seattle and Portland International Airports and the Port of Grays Harbor, ensures excellent accessibility for both businesses and customers. Companies are drawn to Centralia for its high quality of life, favorable business environment, and workforce development programs. This prime retail location offers unparalleled potential for growth and profitability. Don't miss this chance to establish your business in a thriving community with exceptional access and visibility.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Lot 1.03 ac (44,867 SF)
APN 2246001000
UPID US90-2540682
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$785k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$785k
Owner & transaction history
Lq Centralia LLC · 7 yrs held
Lq Centralia LLC
since 2019
2 recorded transactions
2019
$1.3M
2005
$1.8M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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