Property profile

1312 Commerce Ave Longview, WA 98632

OFF-MARKET
Turn key restaurants
Property ID
US90-1535891
18,000 SF 0.14 ac lot Built 1928
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Longview, WA property, located at 1310/1312 Commerce Avenue, offers 5,750 square feet of retail and restaurant space currently available for lease. The property consists of two contiguous units, each measuring 2,875 square feet, ideally suited for multiple tenants or a single large-scale operation. Unit 1310, a former bar, boasts an expansive open dining area, a substantial kitchen with a hood system, and a fully intact bar. Unit 1312, previously a restaurant, features a hood, grease trap, two walk-in refrigerators, high ceilings, and an open dining area. Both units benefit from excellent street visibility, ample parking at the front and rear of the building, and are situated in the heart of downtown Longview. Individual lease rates are $2,200 per month (Unit 1310) and $2,800 per month (Unit 1312), plus utilities. A discounted combined lease rate of $4,500 per month, plus utilities, is available for both units. While requiring renovation to suit individual tenant needs, qualified tenants may be eligible for incentives including free rent, reduced rates, and conversion to a vanilla shell. The property is located in Cowlitz County, WA, zip code 98632. This presents a unique opportunity for businesses seeking a high-visibility location in a thriving downtown area. The property's size and layout offer significant flexibility for a variety of retail and restaurant concepts.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1928
Total area 18,000 SF
Lot 0.14 ac (6,098 SF)
APN 481
UPID US90-1535891

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1312 Commerce Ave Longview, WA 98632-3096
Longview metro Census 2100 LONGVIEW, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$950k
Blend (final) Blend
$315k

Owner & transaction history

since 2019
2 recorded transactions
2020
Price N/A
2019
$550,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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