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    FOR LEASE
    Hotels

    1225 Mellen St, Centralia, WA 98531

    1.03 ac lot
    Entity Owned 6-yr Hold Absentee Owner Free & Clear
    Property ID
    US90-2540682
    1225 Mellen St, Centralia, WA 98531 For Lease
    $785,000 5,825 SF available
    1225 Mellen St, Centralia, WA 98531
    View Listing →
    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 · 6 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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    More about this property
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